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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • The US Dollar will be bracing for a cascade of political risks including the first presidential debate, ongoing stimulus talks, the Supreme Court vacancy against the backdrop of key employment data. Get your #currencies update from @ZabelinDimitri here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • 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:
  • Weakness in equity markets continued last week as losses built and technical patterns hint further bearishness might be ahead. Get your #equities update from @PeterHanksFX here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here -
  • 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:
  • 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:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
Japanese Yen Ticks Up But All-Industry Data Underwhelm

Japanese Yen Ticks Up But All-Industry Data Underwhelm

2017-02-21 05:56:00
David Cottle, Analyst

Talking Points

  • Japan’s all industry activity index disappointed the market on Tuesday
  • It fell 0.3%, a bit worse than the 0.2% slip investors had braced for
  • The Yen ticked up after a long Tuesday slide, but maybe USD/JPY was getting tired near a 5-day peak

An important proxy for Japanese Gross Domestic Product growth came in below expectations on Tuesday, but any impact on the Yen was hard to spot.

The official all-industry activity index for December fell 0.3% from November. This was worse than the 0.2% fall expected and the previous month’s 0.4% gain (which was revised up from an initial 0.3% reading). The index measures the monthly change in overall production by all economic sectors.

But the US Dollar had been rising through Tuesday’s Asian session, and not just against the Yen. Investors suspect that higher US interest rates could be with us quite soon, and are looking toward the Donald Trump White House with renewed hope for expansive fiscal spending. Both factors are enough to set the Dollar bulls running.

USD/JPY has risen from around 113.14 to the 113.70 area through the session. Counterintuitively it actually ticked lower following the release of this latest data, but only by a very small amount. The Yen sometimes attracts a “haven” bid from Japanese investors even when local numbers are weak. However, the 113.70 level is a five-day peak so the greenback may simply need a little more impetus to get beyond it.

While that all-industry slip was a little disappointing, it’s also a little historic as it covers December. We already know that fourth-quarter GDP growth missed expectations, albeit not by much. Many of the data points released since have been a lot more upbeat, notably the manufacturing Purchasing Managers’ Index for February. That was released earlier on Tuesday and was near three-year highs.

Just tiring at the summit? USD/JPY

Japanese Yen Ticks Up But All-Industry Data Underwhelm

Chart Compiled Using TradingView

How are the DailyFX analysts’ forecasts for the first quarter bearing up? Check them out here.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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