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.

Free Trading Guides
EUR/USD
Mixed
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
Oil - US Crude
Mixed
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
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in US 500 are at opposite extremes with 74.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/l7878VS4m7
  • As long as this moves forward, the verbal (Twitter) threats of action between the US and China will garner less and less actual market movement https://t.co/pvGOJuAG4N
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.99% Wall Street: 0.76% FTSE 100: 0.08% France 40: -0.03% Germany 30: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/f3oAYUPoEj
  • White House Advisor Kudlow says phase-one deal with China is still planned to move forward $FXI $SPX
  • White House Advisor Kudlow says "big mistake" for China going into Hong Kong - BBG
  • The S&P 500 is approaching secondary breakout targets up here and the rally may be vulnerable heading into uptrend resistance. Get your S&P500 technical analysis from @MBForex here: https://t.co/21a20ql6RH https://t.co/elk1mcR4UM
  • U.S. House passes bill expanding the PPP loan program rules $SPX
  • US corporate bond sales hit $1 trillion at fastest pace in history - BBG $HYG
  • #Crypto update: $BTC +3% $BCH +1.7% $LTC +1.3% $XRP +0% $ETH +3.6%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in US 500 are at opposite extremes with 75.54%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/sMtBEk8lJm
Japanese Consumer Confidence Falls to a 6-Month Low

Japanese Consumer Confidence Falls to a 6-Month Low

2013-08-09 05:44:00
Benjamin Spier, Technical Strategist
Share:

THE TAKEAWAY: Japanese consumer confidence falls to a 6-month low -> BoJ repeats economy starting to recover moderately -> Yen trading steady

Want to trade with proprietary strategies developed by FXCM? Find out how here.

The Japanese Consumer Confidence Index fell to a six month low in July, according to the Cabinet Office. The confidence index was reported at 43.6, disappointing expectations for 45.0 and down from 44.3 in June. Income growth declined to 41.0 from 41.6 in June, and the willingness to buy durable goods fell to 44.0 from 45.5.

Additionally, the Bank of Japan’s monthly economic report for August again commented that Japan’s economy is starting to recover moderately. The report noted an improvement in consumer sentiment despite the above release and said that exports have been picking up.

The BoJ recently predicted 2.9% growth in 2013, and GDP rose 1.0% in Q1. The Japanese GDP growth for Q2 will be released on early Monday morning, and Bloomberg surveyed analysts predict 0.9% quarterly growth.

The Yen did not react significantly to either Japan release today, and USD/JPY continues to trade around 96.50 at the time of this writing. A rising trend line from February may provide support around 95.20, and resistance may be provided by a broken resistance line around 97.50.

New to Forex? Watch this video

USDJPY Daily: August 9, 2013

Japanese_Consumer_Confidence_Falls_to_a_6-Month_Low_body_usdjpy.png, Japanese Consumer Confidence Falls to a 6-Month Low

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES

News & Analysis at your fingertips.