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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • (Sentiment Weekly) Dow Jones, S&P 500 Outlook: Rising Long Bets, Bearish Technical Signs Worrying Recording of today's webinar also in the article below #DowJones #SP500 https://www.dailyfx.com/forex/technical/article/special_report/2021/05/12/Dow-Jones-SP-500-Outlook-Rising-Long-Bets-Bearish-Technical-Signs-Worrying.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/3CEmvEwmnv
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/lLNE9eI4NT
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.10% Gold: -0.38% Silver: -0.81% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/D02uNrtXBx
  • RT @tracyalloway: Yields on the junkiest of junk bonds (CCC-rated) hit another all-time low, coming in at just 5.66%. https://t.co/qGi3ETjG…
  • RT @FxWestwater: Euro Technical Forecast: $EURUSD, $EURAUD, $EURJPY Charts to Watch Link: https://www.dailyfx.com/forex/market_alert/2021/05/12/Euro-Technical-Forecast-EURUSD-EURNZD-EURAUD-Charts-to-Watch.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/fa6WSjjYpM
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.08% 🇪🇺EUR: -0.10% 🇨🇭CHF: -0.13% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.31% 🇦🇺AUD: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d3C8KTv536
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.21%, while traders in GBP/USD are at opposite extremes with 68.58%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/shh3jAwo7Z
  • 🇦🇺 Building Permits MoM Final (MAR) Actual: 17.4% Expected: 17.4% Previous: 20.1% https://www.dailyfx.com/economic-calendar#2021-05-12
  • Biden EPA expands fuel waivers to blunt gas shortages - BBG #OOTT $CL_F
  • The US Dollar is still struggling against most ASEAN currencies. USD/SGD remains downside-focused despite recent gains. USD/THB is eyeing a triangle. USD/IDR and USD/PHP may point lower. https://t.co/s3c3Mhvq6F
USDJPY Little Changed After US August Business Inventories And Sales Rise

USDJPY Little Changed After US August Business Inventories And Sales Rise

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: US business inventories rose more than expected in August, while sales remain strong > Companies likely to place more orders to replenish stock > USDJPY little changed

U.S. business inventories rose in August for the eleventh straight month, while recent strength in sales signals rising confidence in the U.S. economy. The Commerce Department reported that stockpiles rose by 0.6 percent in August, following a 0.8 percent gain the prior month. The median forecast of economists surveyed by Bloomberg News had projected a 0.5 percent increase in inventories. Meanwhile, sales climbed 0.5 percent after advancing 0.9 percent the month before.

Inventories are a key factor in calculating gross domestic product changes. The rise in stockpiles will help boost growth, and suggests that companies are anticipating a rise in sales in coming months. As strong gains in retail sales over the last two months have made it more difficult for warehouses to remain well stocked, the need to replenish depleted supplies is likely to give the manufacturing sector a much-needed boost in the coming months.

Despite stronger sales and inventories growth, businesses are likely to remain cautious amid concerns about upcoming fiscal policy changes and the slowdown in global economies, which continue to provide a weak environment for business spending.

USDJPY 1-minute Chart: October 15, 2012

USDJPY_Little_Changed_After_US_August_Business_Inventories_And_Sales_Rise_body_Picture_2.png, USDJPY Little Changed After US August Business Inventories And Sales Rise

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

The U.S. dollar remained little changed against the Japanese yen following the release of the business inventories report. At the time this report was written, the USDJPY pair was trading close to pre-release levels at 78.74 yen.

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

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

DISCLOSURES