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
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Heads Up:🇯🇵 Foreign Bond Investment (16/JAN) due at 23:50 GMT (15min) Previous: ¥730.7B
  • Heads Up:🇯🇵 Balance of Trade (DEC) due at 23:50 GMT (15min) Expected: ¥942.8B Previous: ¥366.8B
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your $AUD market update from @DanielGMoss here:
  • The US Dollar has proved buoyant thus far in 2021. Will it continue now that administrations have changed? Depends on fiscal stimulus. Get your market update from @CVecchioFX here:
  • President Biden acting quickly. Has already signed a run of executive orders, one of which is brining the United States back into the Paris Agreement. I think a number of industries expected this, including the auto-manufacturers
  • President Biden signs new executive orders revoking the Keystone XL Oil Pipeline permit, US will rejoin Paris Climate Agreement - BBG
  • We had the BOC and Brazilian Central Bank rate decisions today. Coming up over the next 24 hours, we have the BOJ, Norges, South African Reserve Bank, Turkish Central Bank and ECB rate decisions. On balance, unlikely a serious dictate for global risk trends
  • Asian futures point higher as US equities close at record highs - BBG
  • 🇧🇷 Interest Rate Decision Actual: 2% Expected: 2% Previous: 2%
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.80% 🇳🇿NZD: 0.73% 🇦🇺AUD: 0.66% 🇬🇧GBP: 0.20% 🇨🇭CHF: -0.12% 🇪🇺EUR: -0.19% View the performance of all markets via
Slight Beat on Consumer Confidence Offers Pause in USD/JPY Skid

Slight Beat on Consumer Confidence Offers Pause in USD/JPY Skid

Christopher Vecchio, CFA, Senior Strategist

THE TAKEAWAY: Consumers may be slowing larger scale purchases but remain confident > Core consumption trends likely to remain in tact in August > Higher rates not shaking sentiment > USDJPY BULLISH

The Japanese Yen has been surging all night against the US Dollar in thin markets amid uncertainty among investors – Will the Fed taper QE3? Are the United Kingdom and the United States about to lead military action against Syria? – but data out of the United States this morning has put a brake on the skids.

The Conference Board’s gauge of US consumer sentiment rebounded in August to 81.5, but remains below the yearly high set in June at 82.1. Considering recent economic data and performance of US equities since June, the fact that consumers remain confident bodes well for spending going forward (confidence is often viewed as a proxy for consumption).

- Consumer Confidence (AUG): 81.5 versus 79.0 expected, from 81.0 (revised higher from 80.3)

Read more: Dollar Starts Week Mixed as Taper Speculation Becomes Data-Centric

EURUSD 1-minute Chart: August 27, 2013

Slight_Beat_on_Consumer_Confidence_Offers_Pause_in_USDJPY_Skid_body_x0000_i1027.png, Slight Beat on Consumer Confidence Offers Pause in USD/JPY Skid

Charts Created using Marketscopeprepared by Christopher Vecchio

Following the release, the USDJPOY rallied from ¥97.40 to as high as 97.51, but had faded and traded as low as 97.26 soon after. At the time this report was written, the pair was trading at 97.30.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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