USD/JPY - ... Despite yesterday's brief bounce to 101.85 after the release of FOMC minutes, the greenback subsequently retreated and ratcheted lower to 101.51 in Asia.
Offers are now tipped at 101.75-80 and more at 101.95-00 with stops seen above 102.00.
On the downside, bids are located at 101.30-25 with stops seen below 101.20 but demand from various accounts is located above 101.00 level.
On the data front, Japan's machinery core orders fell by 19.5% from April, the most on record in May since 1987, suggesting that companies remain cautious about deploying record cash reserves into investment.
Bloomberg news reported earlier that Bank of Japan officials see buying exchange-traded funds based on the JPX-Nikkei Index 400 as a future option to boost the impact of unprecedented easing and encourage companies to deploy cash for investment, according to people familiar with the central bank's discussions.
Data to be released on Thursday:
New Zealand PMI, Japan domestic CGPI, machinery orders, consumer confidence, Australia employment, China exports, imports, trade balance, France CPI, industrial output, Italy industrial output, UK RICS housing survey, trade balance, BoE rate decision, Canada housing price index, U.S. jobless claims, wholesale sales and wholesale inventories.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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