This week Japan posted mixed data on the economic calendar. Monday was bank holiday, but from Tuesday the publishing started. The Current Account, Bank Lending, 30-y Bond Auction, Prelim Machine Tool Orders came in line with the expectations. While the Economy Watchers Sentiment, Core Machinery Orders and CGPI came above analysts’ expectations, the M2 Money Stock, Tertiary Industry Activity and the Consumer confidence disappointed the markets with lower readings than analyst forecasted for this … [Read more...]
USD/JPY Forecast For January 13-17
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Last week the USDJPY currency pair posted a small loss, even though in the first part of the week the dollar had more buyers. Here is a wrap up of what happened and this week’s forecast on macro and technical analysis. The Japanese Yen lost some ground in the beginning of last week, in front of the US dollar mainly because of the good economic releases from the United States. Thursday the yen started to be bought right after the ECB press conference. It gained some speed in its recovery on … [Read more...]
