Japan Money Stock data due out today

3 minutes ago | May 12th, 2013 21:23:55 GMT by Eamonn Sheridan | 0 comments

At 2350GMT we get the release of Japanese Money Stock, both M2 and M3 for April.
For M2:

• Prior was 3.0%
• Expected is 3.1%

For M3

• Prior was 2.5%
• and expected is 2.5%

While the market will want to see continued expansion of these figures, the focus is elsewhere, namely USD strength. There are also sell orders clustered ahead of 102 (102 is one leg of the 97 – 102 DNT option that is currently in place). Buy orders around 101.10 and 101.30 (I’ll have more on orders as the morning progresses).