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
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
  • 🇳🇱 Inflation Rate YoY (APR) Actual: 1.9% Expected: 1.7% Previous: 1.9%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.89%, while traders in Wall Street are at opposite extremes with 77.13%. See the summary chart below and full details and charts on DailyFX:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.10% 🇨🇦CAD: 0.08% 🇨🇭CHF: 0.06% 🇦🇺AUD: 0.03% 🇳🇿NZD: -0.03% 🇯🇵JPY: -0.08% View the performance of all markets via
  • Heads Up:🇳🇱 Inflation Rate YoY (APR) due at 04:30 GMT (15min) Expected: 1.7% Previous: 1.9%
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.25% US 500: -0.52% France 40: -1.12% Germany 30: -1.24% FTSE 100: -1.26% View the performance of all markets via
  • Retail FX traders (at IG) have pushed up their long $USDCAD position to levels not seen in years which has nudged the net long to approximately 85% of open interest. They are fighting that trend
  • Risk trends is the focus to start this week with the Nasdaq 100 dragging sentiment down through the close of the NY session. My attention is on the Dollar as pairs like $GBPUSD stare down major resistance or reversal:
  • White House monitoring supply shortages in parts of the southeast -BBG
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
USD/JPY Higher as Abe Win in Japan Opens Door For Reforms

USD/JPY Higher as Abe Win in Japan Opens Door For Reforms

Oded Shimoni, Varun Jaitly,

Talking Points:

- The Liberal Democratic Party won 70 of the 121 seats up for re-election this Sunday

- The victory for the LDP provides an opportunity for Abe to push for fiscal budget reform

- Abe confirms he has instructed the preparation of economic stimulus

Japan’s ruling Liberal Democratic Party (LDP) won a major victory during the “House of Councilors” election this past weekend, as they secured 70 of the 121 seats available in the Upper House.

The election has paved the way for fiscal policy reform as the economy becomes a point of contention for Japan’s voters. One of the biggest fiscal measures being considered is a supplemental budget said to be as large as 5 trillion Yen and would extend to a number of social and public work projects.

Heading into the elections, the Abe win was seen as likely be paired with an increase in the Bank of Japan’s monetary stimulus operations, which continue to push borrowing costs lower with negative interest rates. The recent elections and the supportive super majority now appears likely to make these initiatives move forward more smoothly if they indeed take place.

In his speech today, the Japanese Prime Minister pledged to take broad and bold actions, and take the economic steps required to encourage future investment, while making the most of the zero interest rate environment.

Abe confirmed that he will instruct Econ minister Ishihara tomorrow to compile a stimulus package to support domestic demand while commenting that measures will attempt to speed up exit from deflation as quickly as possible. The Japanese Prime Minister also emphasized that he will push for more labor market reforms.

The call for increased fiscal stimulus has come in the wake of recent Yen appreciation, as the effect of monetary policy appears to fade in the open markets.

The election win, combined with Friday’s US NFPs and the speech by Abe, saw a positive reaction by risk sentiment with the Nikkei 225 rising alongside S&P 500 futures, while the Yen saw weakness as the details of the speech hit the wires.

USD/JPY 5-Minute Chart: July 11, 2016

USD/JPY Higher as Abe Win in Japan Opens Door For Reforms

Nikkei 225 (CFD: JPN225) 5-Minute Chart: July 11, 2016

USD/JPY Higher as Abe Win in Japan Opens Door For Reforms

--- Written by Oded Shimoni, Junior Currency Analyst for and Varun Jaitly, DailyFX Research

To contact Oded Shimoni, e-mail

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