News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

Federal Reserve Leaves Interest Rates Unchanged, Maintains Monthly Asset Purchases

Real Time News
  • The Fed holds rates - no surprise. But says it has made progress towards its economic goals as a precondition of taper:
  • 🇺🇸 Fed Interest Rate Decision Actual: 0.25% Expected: 0.25% Previous: 0.25%
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: -0.15% US 500: -0.18% FTSE 100: -0.21% Germany 30: -0.23% Wall Street: -0.39% View the performance of all markets via
  • Here is my scenario table again for the #FOMC decision. Focus is on the statement and the Press conference
  • countdown to the #FOMC $USD balancing on support ~92.46 $DXY
  • Heads Up:🇺🇸 Fed Interest Rate Decision due at 18:00 GMT (15min) Expected: 0.25% Previous: 0.25%
  • NY Fed accepts $965.19 billion in reverse repo operations $USD $DXY
  • The US Dollar is holding support around the 92.50 area on the chart after a week-long pullback. Get your market update from @JStanleyFX here:
  • With all eyes on the Fed, the US 10Y Treasury yield moves back above 1.25% #Fed #FOMC
  • NZD/USD carves a series of lower highs and lows as it pulls back from the weekly high (0.7010), but the Federal Reserve interest rate decision may keep the exchange rate afloat. Get your market update from @DavidJSong here:
USDJPY Mixed As US Retail Sales and Consumer Prices Grow in August

USDJPY Mixed As US Retail Sales and Consumer Prices Grow in August

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [US retail sales grows in August by most in six months; Consumer prices rise at faster pace] > [Dampens scope for additional monetary easing by the Fed] > [USDJPY mixed]

U.S. retail sales increased in August by the most in six months, boosted by automobiles and high gasoline prices. The Commerce Department released a report today that showed that retail sales rose 0.9 percent in August, the second month of increased sales, following a revised 0.6 percent advance in July that was smaller than originally reported. The consensus forecast of 84 economists surveyed by Bloomberg News had called for a 0.8 percent increase in August sales.

The advance in consumer spending was broad-based, with retail sales less autos rising 0.9 percent, and sales excluding auto and gas climbing 0.1 percent in July. The stronger consumption data is likely to provide some optimism for third quarter growth, though persistent weakness in the labor market and stagnant wage growth will continue to restrain consumer spending.

At the same time, the Labor Department released a report that showed that U.S. consumer prices rose in August for the first time since March, climbing 0.6 percent from a month ago. Prices rose 1.7 percent from a year earlier in August, in line with economist expectations, following a 1.4 percent expansion the month prior. The core price index, which excludes volatile food and fuel costs, rose slightly less than forecast, climbing 1.9 percent year-on-year.

The faster pace of price growth and improvement in retail sales dampens scope for additional monetary easing by the Federal Reserve. Although the Fed announced another asset purchase program yesterday, the rebound in retail sales and consumer prices may soften the Fed’s dovish tone for easing monetary policy as it works towards boosting employment while preserving price stability.

USDJPY 1-minute Chart: September 14, 2012

USDJPY_Mixed_As_US_Retail_Sales_and_Consumer_Prices_Grow_in_August_body_Picture_2.png, USDJPY Mixed As US Retail Sales and Consumer Prices Grow in August

Chart created using Market Scope – Prepared by Tzu-Wen Chen

The U.S. dollar tumbled against the Japanese yen in the initial minutes following data release. Despite some ensuing volatility, the greenback held onto most of its gains in the lead-up to the retail sales and consumer price reports. At the time this report was written, the USDJPY was trading at 78.06 yen.

--- Written by Tzu-Wen Chen, DailyFX Research

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