| Current Account |
0.00T |
0.46T |
0.36T |
| Economy Watchers Sentiment |
57.3 |
56.3 |
53.2 |
| Prelim Machine Tool Orders y/y |
-21.6% |
-21.5% |
|
| Bank Lending y/y |
1.6% |
1.5% |
|
| Core Machinery Orders m/m |
7.5% |
6.9% |
-13.1% |
| CGPI y/y |
-0.5% |
-0.4% |
-0.1% |
| M2 Money Stock y/y |
3.0% |
2.9% |
2.9% |
| Tertiary Industry Activity m/m |
1.1% |
0.8% |
-1.5% |
Beside the current account that was unchanged for last month the rest of the economic indicators were mostly over the market expectation. The yen continued its depreciation in the first part of the week, but recuperated on Friday almost all the loss.
Next week Kuroda is expected to speak twice. Beside this the trade balance is expected to improve to -0.92T and all industries activity to rise at -0.6%.
From the technical point of view USDJPY doesn’t look that good. Right at the 100.00 resistance level it has drawn a Shooting Star. If the signal will be confirmed than the 96.53 support might be retested. Only a close over the key level resistance would invalidate the candlestick pattern.
Wrap Up 8-12 April USDJPY Up 0.24% by Razvan Mihai
