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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Prel (SEP) Actual: 0.1% Previous: 0.2%
  • Heads Up:🇨🇭 KOF Leading Indicators (SEP) due at 07:00 GMT (15min) Expected: 106 Previous: 110.2
  • IG Client Sentiment indicates that gold traders are heavily leaning towards the long side, with 80% of positions net long, while 20% net short. Retail traders added short (+12%) exposure while trimming long (-3%) positions from a day ago.
  • Heads Up:🇫🇷 Inflation Rate YoY Prel (SEP) due at 06:45 GMT (15min) Previous: 0.2%
  • 🇬🇧 Nationwide Housing Prices YoY (SEP) Actual: 5% Expected: 4.5% Previous: 3.7%
  • 🇬🇧 GDP Growth Rate QoQ Final (Q2) Actual: -19.8% Expected: -20.4% Previous: -2.5%
  • 🇬🇧 GDP Growth Rate YoY Final (Q2) Actual: -21.5% Expected: -21.7% Previous: -2.1%
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release!
  • 🇩🇪 Unemployment Rate Harmonised (AUG) Actual: 4.4% Previous: 4.4%
  • 🇬🇧 GDP Growth Rate YoY Final (Q2) Actual: -21.5% Expected: -21.7% Previous: -1.7%
USD/JPY Flat Despite Increased Foreign Investment In Japan Last Week

USD/JPY Flat Despite Increased Foreign Investment In Japan Last Week

2013-07-04 01:00:00
Jimmy Yang,

THE TAKEAWAY:Foreign investors increased buying of Japanese bonds and stocks > Likely a risk-averse move > USD/JPY Flat

The Japanese Yen edged slightly higher against the US Dollar immediately after data showed an increase in foreign investment in Japan last week. Foreign investors poured net ¥261.8 billion into Japanese bonds and ¥479.7 billion into stocks, which suggests demand for Japanese assets could be rising. However, this data did not seem to have significant impact on USD/JPY as the pair recovered shortly after the release.

US indicators tied to employment scheduled for release after the holiday will likely be movers of the pair as they will influence investors’ expectations for the Federal Reserve's monetary policy. Following today’s positive ADP employment change data, a NFP figure meeting expectations of adding 165 thousand and an unemployment rate of 7.5 percent could support the Fed's plans in reducing stimulus and weigh against risk appetite, moving USD/JPY lower. Conversely, disappointing figures may deter near term reduction plans, supporting risk appetitie and moving the pair higher. Both figures for June are scheduled for release on Friday at 12:30 GMT.

USD/JPY (5-Minute Chart)

USDJPY_Flat_Despite_Increased_Foreign_Investment_In_Japan_Last_Week_body_Picture_1.png, USD/JPY Flat Despite Increased Foreign Investment In Japan Last Week

Source: FXCM Marketscope

—Jimmy Yang, DailyFX Research Team

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