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
Oil - US Crude
More View more
Real Time News
  • Asian equities update: Topix 1628.60 (+0.41%), Nikkei 225 22548.90 (+0.25%), JPX Nikkei 400 14565.67 (+0.38%). [Delayed]
  • (Asia Pacific AM Briefing) Yen May Fall as Australian Dollar Gains, AUD/JPY Breakout Prolongs #AUD #JPY $AUDJPY - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/10/21/Yen-May-Fall-as-Australian-Dollar-Gains-AUDJPY-Breakout-Prolongs.html?CHID=9&QPID=917702 https://t.co/0pCZkTHzTF
  • - How exposed are crude oil prices to weather-induced disruptions? - Flooding, high heat, climate change risks rattling key supply chain - Increased volatility in weather patterns may become a key concern Learn more here ⬇️ https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/11/How-Crude-Oil-Prices-React-to-Weather-Induced-Disruption-Fears.html?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RT @business: Will Justin Trudeau win a second term? Or will Conservative Andrew Scheer take power? Follow along with Canada's live electi…
  • RT @Reuters: First polls close in Canadian election that experts say is too close to call. The last polls to close, in British Columbia, wi…
  • RT @NAR: China further opens up financial sector. @tradewar @China https://t.co/ADl2BOvu6Z
  • The $CAD has bounced to test the bounds of a nearly two-year downtrend against the Japanese Yen. Sellers seem likely to regain the upper hand. Get your market update from @IlyaSpivak here: https://t.co/MCsruyOAx5 https://t.co/LIp6f0JPPL
  • #GBP/JPY pivot points (daily) – S3: 137.49, S2: 139.06, S1: 139.91, R1: 141.48, R2: 142.21, R3: 143.79 - https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Australia’s ANZ Roy Morgan Weekly Consumer Confidence Index (OCT 20) Actual:111.6 Est: N/A Previous: 110.9 #AUD
  • $USDCAD has continued its Q4 retreat, pushing down to fresh two-month-lows with the yearly-low now very nearby. Get your USD/CAD technical analysis from @JStanleyFX here: https://t.co/tNd9qQlB2k https://t.co/hRIzBLcXhs
Yen Remains Pressured Despite Japanese Earnings Uptick

Yen Remains Pressured Despite Japanese Earnings Uptick

2016-11-07 02:51:00
David Cottle, Analyst

Talking Points

  • Japanese earnings ticked higher in the year’s third quarter
  • The previous quarter’s showing was also revised higher
  • The Yen failed to capitalize as US election news-flow took top billing

The Yen remained under pressure against the US Dollar on Monday despite news that Japanese earnings had ticked higher.

Official figures showed that average cash earnings were up 0.2% in the year’s third quarter, up from a flat reading in the quarter before, which itself has been revised up from an initially reported 0.1% fall.

This looks like a crumb of better news for Japanese authorities as they fight to restore some pricing power to the economy.

However, it is only a crumb and it looks likely that this economic news has been overwhelmed by what looks likely to be Monday’s main market story.

That’s the news that the Federal Bureau of Investigation has found no evidence of criminality in its investigation into Hilary Clinton’s use of a private email server.

The FBI has stuck by the conclusions it reached in its initial investigation in July, after roiling the Clinton campaign by looking into a new batch of emails just last week.

The effective clearing of Clinton has given her a major boost just a day before Americans go to the polls.

The US Dollar has managed sharp, general gains as have both Asian stock markets and US futures.

Sure enough USD/JPY was at 104.34 after the data, above 103.96 earlier on Monday.

USD/JPY Continues to Climb After Cash Earnings Data

Yen Remains Pressured Despite Japanese Earnings Uptick

Chart created using TradingView

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


News & Analysis at your fingertips.