The unemployment rate in Japan came in at a seasonally adjusted 2.5 percent in July, the Ministry of Internal Affairs and Communications said on Friday. more...
Overall consumer prices in the Tokyo region climbed 1.2 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. more...
Despite persistent media fears about a trade war being the death of the global economy, spot and option trades around USD/JPY are seeing blue (or green) skis ahead. The Yen, typically a barometer of risk sentiment and seen as a bit of a haven asset, continues to weaken and fell to the lowest levels against the USD on Wednesday since early January. In alignment with a higher spot USDJPY was the US Treasury 2-year yields. The US PPI final figures showed the highest demand since 2011. ...
USDJPY: Retail trader data shows 50.0% of traders are net-long with the ratio of traders short to long at 1.0 to 1. The number of traders net-long is 0.5% lower than yesterday and 5.6% higher from last week, while the number of traders net-short is 5.6% lower than yesterday and 6.8% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY prices may continue to rise. ...
Japan posted a merchandise trade surplus of 797.3 billion yen in March, the Ministry of Finance said on Wednesday - up 32.1 percent on year. more...
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