Consumer prices in Japan were up 1.2 percent on year in September, the Ministry of Internal Affairs and Communication said on Friday. more...
The total value of core machine orders in Japan spiked a seasonally adjusted 6.8 percent on month in August, the Cabinet Office said on Wednesday - worth 981.5 billion yen. more...
The services sector in Japan continued to expand in September, but at a sharply slower pace, the latest survey from Nikkei revealed on Friday with a two-year low services PMI score of 50.2. more...
USDJPY: Retail trader data shows 34.9% of traders are net-long with the ratio of traders short to long at 1.87 to 1. In fact, traders have remained net-short since Sep 13 when USDJPY traded near 111.628; price has moved 2.1% higher since then. The number of traders net-long is 5.0% higher than yesterday and 10.3% lower from last week, while the number of traders net-short is 9.7% higher than yesterday and 32.5% higher from last week. We ...
A bullish bias remains after USD/JPY broke above a three-year trendline and continues to trade strongly in a supportive market. Supportive forces include Japanese equities via the Nikkei 225 that is testing 2018 highs (just like USD/JPY,) alongside the highly correlated (40-day rolling at +0.8921) US Treasury 2yr yield that has risen from 2.58 in mid-August when USDJPY traded at 109.97 to 2.839 today, which is a rise of 25.4bps or 9.8% as the Fed is expected to be more hawkish on an overheating ...
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