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2013-04-12 04:27 GMT
CORRECTION - BOJ Kuroda: Easing to last until sustainable prices achieved
BoJ Kuroda speech was just published, with the governor saying that the objetive of achieving the inflation target with 2 years in mind, adding that the BoJ easing will not necessarily be limited to just 2 years.
He said that the easing is actually planned to last as long as needed to achieve sustainable prices. He pointed out on his speech that capital spending is the key element to monitor and improve to end the vicious deflation cycle.
Mr. Kuroda will make prompt policy adjustment as required on varies areas, prior examination of indicators such as the capex as mentioned, consumption, exports, conducting regular examinations every single month.
Finally, he said to be confident BoJ can meet its bond buying target with purchases across the yield curve, adding that monetary policies do not have as a result the depreciation of the local currency but policies are aimed to end deflation, not to affect the Yen rate.-FXstreet.com
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24h
EMU. Eurogroup meeting
2013-04-12 12:30 GMT
US Retail Sales (MoM) (Mar)
2013-04-12 13:55 GMT
US Reuters/Michigan Consumer Sentiment Index
2013-04-12 16:30 GMT
US Fed's Bernanke Speech
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2013-04-12 04:37 GMT
EUR/USD having a hard time at key supply 1.3140/60
2013-04-12 04:07 GMT
AUD/USD edges higher during Asia session, 1.0553 last
2013-04-12 02:40 GMT
USD/JPY holds 99.38/45 demand for now
2013-04-11 22:48 GMT
EURJPY advances for 6th day in a row, prints new highs above 131.00
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EURUSD
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HIGH
1.31261
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LOW
1.30994
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BID
1.31129
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ASK
1.31135
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CHANGE
0.09%
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TIME
08:52:50
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OUTLOOK SUMMARY
Up
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TREND CONDITION
Upward
penetration
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TRADERS SENTIMENT
Bearish
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IMPLIED VOLATILITY
Medium
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MARKET ANALYSIS - Intraday Analysis
Upwards scenario: Yesterday high offers key resistance level at 1.3140 (R1). Clearance here is required to resume uptrend structure towards to next target at 1.3176 (R2) and any further price appreciation would then be limited to last resistance for today at 1.3212 (R3).
Downwards scenario: Next challenge on the downside is seen at 1.3083 (S1). Breakthrough of this mark would open way for a downside expansion and could possibly trigger our initial targets at 1.3046 (S2) and 1.3008 (R3) later on today.
Resistance Levels: 1.3140, 1.3176, 1.3212
Support Levels: 1.3083, 1.3046, 1.3008
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GBPUSD
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HIGH
1.54096
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LOW
1.53814
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BID
1.53932
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ASK
1.53938
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CHANGE
0.05%
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TIME
08:52:51
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OUTLOOK SUMMARY
Up
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TREND CONDITION
Up
trend
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TRADERS SENTIMENT
Bearish
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IMPLIED VOLATILITY
Medium
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Upwards scenario: Instrument stabilized after the gains provided yesterday. Penetration above the resistive structure at 1.5413 (R1) might encourage protective orders execution and drive market price towards to the next resistive means at 1.5444 (R2) and 1.5477 (R3).
Downwards scenario: Market decline below the support level at 1.5363 (S1) might change short-term technical picture and shift market sentiment to the bearish side. In such scenario we expect next targets to be exposed at 1.5330 (S2) and 1.5297 (S3)
Resistance Levels: 1.5413, 1.5444, 1.5477
Support Levels: 1.5363, 1.5330, 1.5297
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USDJPY
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HIGH
99.803
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LOW
99.358
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BID
99.515
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ASK
99.520
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CHANGE
-0.16%
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TIME
08:52:52
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OUTLOOK SUMMARY
Up
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TREND CONDITION
Sideway
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TRADERS SENTIMENT
Bearish
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IMPLIED VOLATILITY
Medium
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Upwards scenario: Medium term bias remains positive however further market rise is limited now to the key resistive barrier at 99.95 (R1), clearance here is required to enable next resistances at 100.48 (R2) and last one at 101.04 (R3).
Downwards scenario: Yesterday session low offers key supportive barrier at 99.09 (S1). Break here might provide sufficient momentum on the downside and expose our intraday targets at 98.62 (S2) and 98.12 (S3)
Resistance Levels: 99.95, 100.48, 101.04
Support Levels: 99.09, 98.62, 98.12
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