Dollar/yen was leaning lower in a week that saw further political issues for President Trump. Nevertheless, the pair maintains a distance from the 108.10 level which remains critical. The last week of August and the first day of September provide a lot of action. A revised measure of GDP, consumer confidence and a short buildup to the Non-Farm Payrolls stand out. Will wages finally rise in the US? The report for August will probably show ...
Dollar/yen attempted to move above the cycle high but was rejected. On its way down, it lost the uptrend line of support. The drivers were both political and monetary. The upcoming week features housing data from the US: building permits and housing starts. Also, watch the Philly Fed Manufacturing Index. Echoes from Yellen’s testimony and the inflation report will likely reverberate.In Japan, we have a rate decision by the BOJ. Kuroda ...
Weekly USD/JPY Outlook: 2017, July 09 - July 16 Dollar/yen advanced for the fourth week in a row, extending the rise alongside the uptrend support line. Can it continue further to the upside? It is getting closer to the cycle high of 114.30 and the steep uptrend could be hard to sustain. The upcoming week begins with echoes from the Non-Farm Payrolls report and also the G-20 Summit, including the first meeting between ...
Dollar/yen dipped had a strong start to the week but petered out later on. The pair has been sliding as enthusiasm from the Fed’s hawkishness was replaced by skepticism. The upcoming week begins with a strong start from durable goods orders, continues with the CB consumer confidence and culminates with the final read of US GDP. It is also important to watch out for the Core PCE Price Index, the Fed’s favorite measure of inflation.In ...
Japanese Yen Q1 2017 Forecast - Japanese Yen Poised to Gain Further For Three Key Reasons Fundamental Analysis "The Bank of Japan started the year in fairly dramatic fashion as it cut its benchmark interest rate into negative territory, but the BoJ went on to disappoint those looking for further monetary policy easing through the rest of the year. This fact is especially surprising given that National Japanese Consumer ...
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