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
Bearish
Wall Street
Bullish
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
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Bitcoin has taken a backseat to other volatile risk assets today, with the cryptocurrency down less than half a percent $BTC $USD https://t.co/YzaX09fLAS
  • Who needs a 2 and 20 when you have Reddit?? #GameStop https://t.co/ELWWjYPg3D
  • The #Bitcoin bull has taken a back seat, at least for now, but speculative fervor continues to run high as witnessed by the saga taking place in the stock of Gamestop. Get your market update from @JStanleyFX here: https://t.co/0Q8PxyUIkc https://t.co/A2JHReRTcf
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.57% 🇬🇧GBP: 0.45% 🇦🇺AUD: 0.45% 🇨🇭CHF: 0.17% 🇪🇺EUR: 0.17% 🇯🇵JPY: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OyXArspzGL
  • USD/CAD continues to retreat, now trading below 1.27 $USD $CAD https://t.co/cgmNxBHsjo
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Oil - US Crude: 0.27% Gold: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/38weW9olX9
  • Waiting for Kodak to claim it is the most shorted stock in the world. If blockchain and vaccine pivots don't work, maybe this will be the ticket.
  • US to order 100 million more doses of Pfizer and Moderna vaccines to fight supply shortages - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Germany 30 are at opposite extremes with 70.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F22xKzHTZh
  • Mircosoft Earnings 2Q Revenues: $43.08 B, EST. $40.20 B EPS: $2.03 act. vs $1.64 est. $MSFT 246.46 +7.19%
FOREX NEWS: Negative Economic Data For Japan, More Fuel For Deflation Fire?

FOREX NEWS: Negative Economic Data For Japan, More Fuel For Deflation Fire?

Jason Shemtob,

THE TAKEAWAY: Japan's household spending and jobless report came in worse than expected > Data points to continual stagnation within the Japanese economy > Japan’s policymaker’s aggressive stance towards economic growth may push the Yen down further

Japan household spending growth in December (YoY) declined for the first time in 4 months, according to data released by the country’s Ministry of Internal Affairs. The level of growth came in in worse than estimates at -0.7%. Meanwhile, Japan’s jobless rate grew slightly to 4.2% from November’s 4.1% level. Japan’s rate of unemployment has shown a steady decline since a 5-year high of 5.5% in 2009 and appears to be relatively unaffected by the decrease in household spending. The Yen, which has seen extreme deprecation over the last few months seemed unaffected by the news, continuing to fall relative to the other major currencies. Currently the USD/JPY spot rate stands at a multi-year high of 91.75 versus the dollar.

This latest batch of Japanese economic data does not seem to deviate from the state of weak growth that the country has faced over the last several years. This economic malaise is being challenged by the New Prime Minister, Shinzo Abe, who has helped push through a series of monetary easing policies meant to deflate the Japanese currency and stimulate growth. These actions appear to be the underlying cause behind the Yen’s rapid depreciation, along with investor’s demand for high-interest paying currencies. Given the negative nature of the home spending and jobs report, it is unlikely Japanese policymakers will deviate from their current monetary agenda. This coupled with the current risk-on market sentiment, should keep the Yen undervalued relative to its peers into the foreseeable future.

FOREX_NEWS_Negative_Economic_Data_For_Japan_More_Fuel_For_Deflation_Fire_____body_Picture_2.png, FOREX NEWS: Negative Economic Data For Japan, More Fuel For Deflation Fire?FOREX_NEWS_Negative_Economic_Data_For_Japan_More_Fuel_For_Deflation_Fire_____body_Picture_1.png, FOREX NEWS: Negative Economic Data For Japan, More Fuel For Deflation Fire?

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

DISCLOSURES