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
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • FOMC: - Leaves interest rates unchanged at 0.00-0.25% as expected - No changes to pace of asset purchases #Fed #FOMC $USD
  • 🇺🇸 Fed Interest Rate Decision Actual: 0.25% Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-01-27
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.14% France 40: -0.17% FTSE 100: -0.21% Wall Street: -1.31% US 500: -1.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wEo0jImLbe
  • A few mins until Fed decision https://t.co/35JexjrwAU
  • Heads Up:🇺🇸 Fed Interest Rate Decision due at 19:00 GMT (15min) Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-01-27
  • #Bitcoin dips below $30,000 for the second time today as FOMC decision approaches. $BTC https://t.co/WLy78X35J4
  • ECB Chief Economist Lane: - Sees recovery to pre-pandemic levels by end of summer 2022. #ECB $EUR
  • While the US Dollar is now trading lower after the $DXY hit a nine day high above 90.80, it remains at one of its strongest levels in the past seven days as the FOMC decision nears. $USD https://t.co/C5aTUZ32vq
  • USD/CAD is pushing up to a fresh two-week high hour ahead of the FOMC rate decision. Get your $USDCAD market update from @JStanleyFX here:https://t.co/dcWL6pp0fI https://t.co/n5f51talQN
  • $GBPJPY rose back above 142.00 again today to a high of 142.72, testing right around the September high. This marks the pair's sixth test above the 142.00 level in January. $GBP $JPY https://t.co/mwjpFTz4vZ
Forex News: USD/JPY Unmoved on Retail Trade Report

Forex News: USD/JPY Unmoved on Retail Trade Report

Robin Leung,

The Takeaway: Japan’s retail trade fell less than expected -> Decision on BoJ Governor may boost consumer confidence -> USD/JPY trading was little changed

The USD/JPY was little changed on Japan’s retail trade, which posted a -1.1percent (YoY) decrease in January, compared to a downwardly revised 0.3 (YoY) percent increase in December. The figure came in slightly above expectation set for -1.5 percent. Monthly percentage changes of total store sales fell back into negative territory after showing an increase for two months.

On year, large retailers’ sales posted a -3.5 percent decrease in January, versus an upwardly revised 0.1% increase in previous year. In particular, sales in supermarket showed a -4.4 percent (MoM) decrease in January while department stores posted a 2.1 percent (MoM) increase in January. The data shows that Japanese consumers are more inclined to shop in department stores than in supermarkets. Nonetheless, the decision on the next BoJ Governor that is expected to release later this week and a rebound in Japanese equity market may boost consumer confidence.

Despite the much anticipated long-term weakness in the yen, risk aversion from the Eurozone, sequester debate in the US and possible abated short yen bets may provide more upside potential for the yen in a short period of time. Therefore, FX traders should pay close attention to market’s interpretation on BoJ’s events in the coming months, as expectation has sent the yen 20 percent lower against the dollar since November.

In yesterday’s US session, the Italian election gridlock drove capital flows out of the equity market to safe haven assets, in which the USD/JPY initially slid to as low as 90.841 but rose higher to close at 91.805. The 392-pips intraday movement signals that risk aversion may have limited effect on the yen as traders may consider US Treasury and gold as better safe haven in the near term, in which gold has pierced above 1600 today. Moreover, the immense volatility may suggest that speculators are betting on a reversal on the USD/JPY.

The USD/JPY was little changed on the retail trade report as it did not change market’s expectation on monetary easing and the next BoJ Governor decision. The currency pair is trading at 92.091 at the time of writing.

New to FX? Register for this free 20 minute course HERE and learn common FX terms like leverage and how to implement conservative trading strategies.

USD/JPY 1 Minute Chart

Forex_News_USDJPY_Unmoved_on_Retail_Trade_Report_body_Picture_1.png, Forex News: USD/JPY Unmoved on Retail Trade Report

Charted Created by Robin Leung using Marketscope 2.0

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

DISCLOSURES