We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • What is your #tradingstyle? Take the quiz and let us know: https://t.co/LPBOcS0Vtd https://t.co/l6FvtcADEH
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia from @DavidCottleFX here: https://t.co/E2hqoRdO7q https://t.co/dnrAMFK4U2
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/RMk5Eb5fLU
  • Negative yielding government bonds – What are they telling us? Find out from @nickcawley1 here: https://t.co/F6JuhmrvPT https://t.co/KdpSjQSJ8F
  • #Euro area stocks may be preparing to break the four-month uptrend built around hopes for a US-China trade deal and an orderly #Brexit outcome. Get your market update from @IlyaSpivak here: https://t.co/ujlCJiXLvh https://t.co/INdFtsrTTF
  • What is the top market moving theme for the coming week? I disagree with the majority. '$EURUSD, $GBPUSD and $AUDUSD Top Volatility Candidates With #Fed, #Election, #TradeWar' https://www.dailyfx.com/forex/video/daily_news_report/2019/12/07/EURUSD-GBPUSD-and-AUDUSD-Top-Volatility-Candidates-On-Fed-Election-Trade-War.html?CHID=9&QPID=917719 https://t.co/Q1dbZVN5Us
  • The Australian Dollar was focused on its home country in the past week, but that is likely to change sharply in the days ahead with major global risk events coming up. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/yZz3hCyVMx https://t.co/1xw1JHwd7l
  • The #Euro broke chart resistance, threatening to challenge the bounds of its longer -term downtrend against the $USD. Bulls may find it premature to celebrate however. Get your market update from @IlyaSpivak here: https://t.co/VfR13llYbW https://t.co/LiWTvIygxc
  • The $USD appears to be stalling against the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso, but technical analysis may still favor USD strength. Get your market update from @ddubrovskyFX here:https://t.co/AZp98MoXKo https://t.co/jgZMUFVGJB
  • The Indian Rupee soared after the Reserve Bank of India surprised with a rate hold. $USDINR may climb as support reinstates the uptrend ahead of Indian CPI and global trade tensions. Get your market update from @ddubrovskyFX here:https://t.co/QEOabsDfMn https://t.co/rqn8Zjrvkv
Japanese Yen at Risk On Risk Appetite and Expected Monetary Easing

Japanese Yen at Risk On Risk Appetite and Expected Monetary Easing

2010-03-05 23:21:00
John Rivera, Currency Analyst
Share:
An unexpected drop in the Japanese unemployment rate continued the theme of improving fundamentals for the island nation which could lead the BoJ to refrain from further monetary easing. A 17.3% drop in capital spending beat estimates of -18.4%, but demonstrates the challenges ahead for an economy that is relying sole on demand from abroad to promote growth. It is widely expected that the central bank will take measures to battle deflation as consumer price fell another 1.3% in February. Japanese finance minister Naoto Kan has requested the central bank’s help in fighting downward spiraling prices. In a recent news conference the finance head state that “I haven’t received any message directly from the BOJ,” regarding additional measures. As other developed nations mount their exit strategies Kan says “Given the economic conditions, we’re not in the situation where Japan can embark on an exit strategy,”  “There are some bright indicators, however the economic situation, such as employment, signals we still need to rely on fiscal spending somewhat.”
 
Upcoming fundamental data may give us a clue on how aggressive policy makers may look to be when they convene during the following week to set future monetary policy. Speculation is that the BoJ is reluctant to take bold measures with interest rates already at 0.10% and an improving global economy. The Eco Watchers survey will provide evidence of the prospect of domestic growth with final GDP figures confirming the economy grew in the fourth quarter. Machine tool orders could be the most significant release as it has significant implication for future growth. Ultimately Japanese fundamentals will have little sway over price action as risk trends dominate direction. A continuation of prevailing risk appetite will continue to put pressure on the yen, upcoming U.S. advance retail sales may be the only upcoming event risk that has the potential to change sentiment. -JR
 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.