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
Mixed
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
Bearish
Gold
Bearish
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
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/aG5lue4jZ4
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/K4BUUCDVdB
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1% Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -15% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 Balance of Trade (JUN) Actual: €21.2B Expected: €12.6B Previous: €9.4B https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate QoQ 2nd Est (Q2) Actual: -12.1 Expected: -12.1% Previous: -3.6% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate QoQ Final (Q2) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q2) Actual: -9% Expected: -9% Previous: -9.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • 💶 GDP Growth Rate YoY 2nd Est (Q2) Actual: -9% Expected: -15% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2020-08-14
  • Heads Up:🇭🇰 GDP Growth Rate QoQ Final (Q2) due at 09:00 GMT (15min) Actual: -0.1% Expected: -0.1% Previous: -5.3% https://www.dailyfx.com/economic-calendar#2020-08-14
Yen Little Changed as Unemployment Rate Drops to a 21-Year Low

Yen Little Changed as Unemployment Rate Drops to a 21-Year Low

2016-08-30 00:14:00
Daniel Dubrovsky, Analyst
Share:

Talking Points

  • Yen little changed against its major counterparts after employment data
  • Japanese jobless rate declined to 3.0 percent versus 3.1 percent expected
  • Friday’s US non-farm payrolls could potentially provide more volatility

Keep an eye on short-term trends for Yen crosses using the Grid Sight Index (GSI) here.

The Yen showed a reserved reaction against its major peers after Japan’s employment report crossed the wires. The unemployment rate declined to 3.0 percent in July versus 3.1 percent expected and 3.1 percent in June. This marks the lowest jobless reading since May 1995, a 21-year low. Simultaneously, the job-to-applicant ratio held steady at 1.37 versus 1.38 estimated, its highest point since 1991.

As Quantitative Strategist David Rodriguez mentioned, it would take an especially large surprise out of this jobs report to force a meaningful reaction out of the Yen as the threat of additional Bank of Japan easing rings hollow. However, this week’s US nonfarm payrolls report could adjust Fed rate hike bets and in turn, offer volatility for USD/JPY.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing a reading that roughly 75 percent of open speculative retail positions in USD/JPY are long. The SSI is typically a contrarian indicator, implying further USD/JPYweakness ahead.

Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial.

Yen Little Changed as Unemployment Rate Drops to a 21-Year LowYen Little Changed as Unemployment Rate Drops to a 21-Year Low

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.