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
EUR/USD
Bearish
Oil - US Crude
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
Wall Street
Mixed
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
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
More View more
Real Time News
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/wnnk0zMjXH
  • Heads Up:🇫🇷 Inflation Rate YoY Final (JUL) due at 06:45 GMT (15min) Expected: 0.8% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/oo0ClrQKLK
  • The Malaysian #Ringgit fell today after Malaysian Q2 GDP contracted -17.1% y/y (vs -10.9% expected) This leaves $USDMYR closer towards facing key resistance above Dominant outlook remains bearish however, check out this week's #ASEAN tech outlook here - https://t.co/yR4bEV3NCe https://t.co/xjPPs3RD5D
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/S9CEcB4urE https://t.co/XhXvSI8ECM
  • 🇯🇵 Tertiary Industry Index MoM (JUN) Actual: 7.9% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (JUN) due at 04:30 GMT (15min) Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/HnzQcAXWLU https://t.co/nRLUAAEc7t
  • #EURUSD may be forming a Head and Shoulders top on the daily chart. Confirmation on a break of neckline support may open the door for a break toward the 1.15 figure. https://t.co/iXOwXxCEjc
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3FsnNdo7VK https://t.co/lC69rPbkcJ
Japanese Yen Steady after Retail Sales Contract, Risk Focus Intensifying

Japanese Yen Steady after Retail Sales Contract, Risk Focus Intensifying

2015-07-29 02:00:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • USDJPY little changed after Japanese data crossed the wires
  • Large retailers’ sales fell 0.3% in June versus 1.8% growth expected
  • Both the FOMC rate decision and Japanese CPI loom ahead

The Japanese Yen was little changed versus its US counterpart after June’s Japan retail sales and retail trade data crossed the wires. Retail trade decreased to 0.9% year-over-year (YoY) in June versus 1.1% expected and 3.0% the previous month. On a monthly basis (MoM) sales decreased 0.8% versus a 0.9% contraction expected and 1.7% growth the previous month. Large retailers’ sales declined to 0.3% y/y in June versus expected growth of 1.8% and 5.3% the last update. Overall, the data was softer than expectations but not surprising enough to alter expectations for the BoJ, Abenomics or distract from the upcoming session’s high level event risk.

Currently, the Bank of Japan is in the midst of an ¥80 trillion, open-ended quantitative easing effort to bring up inflation to its 2% target. The data appeared to have no significant impact on expectations for the BOJ, whether it be an upgrade or downgrade. Looking at the docket ahead, the FOMC rate decision is later today and Japan’s national CPI figures are due Thursday. These events will likely have more influence over Yen volatility.

USDJPY AFTER JAPANESE RETAIL DATA

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

DISCLOSURES

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.