Intra-Day News and Views & data to be released today -USD/JPY Intra-Day Market Moving News and Views Update Time: 15 May 2019 03:00GMT USD/JPY - 109.62.. Dlr moves relatively narrowly in subdued Asian trading after staging a rebound on Tue from 109.15 (AUS) to 110.77 in Europe due to active cross-unwinding of recent short yen positions on slight easing of U.S.-China trade tensions. Reuters reported in New York afternoon U.S. Treasury Secretary Mnuchin will plan for another trade meeting in China at some point soon (see 22:05GMT update for details). Looks like range trading will prevail in Asia, however, as the strong bounce from Mon's 3-month trough at 109.02 suggests recent downtrend has made a temp. low, consolidation with upside bias remains for a much-needed retracement to 109.90/00 later today. Bids are noted at 109.50-45 with stops below 109.30 while offers are tipped at 110.70/80 with stops above 111.10. On the data front, U.S. will release MBA mortgage applications, retail sales,industrial prod., capacity utilization, mfg output, bus. inventories n NAHB Housing Market index. Also, we have Ded Vice Chair for Supervision Quarles soeaking at 13:30GMT and Richmond Fed's President Barkin speaking at 17:00GMT.