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
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here:
  • Gold Forecast: Gold Volatility Surging as Real Yields Tumble -via @DailyFX Link to Full Analysis: $GLD $GVZ $XAUUSD $GC_F
  • 🇳🇿 Electronic Retail Card Spending YoY (APR) Actual: 108.7% Previous: 5.1%
  • 🇳🇿 Electronic Retail Card Spending MoM (APR) Actual: 4% Previous: 0.8%
  • RT @FxWestwater: $AUDUSD Eyes Chinese Inflation Amid Iron Ore Strength, US Dollar Fragility Link:…
  • Heads Up:🇯🇵 BoJ Summary of Opinions due at 23:50 GMT (15min)
  • 🇯🇵 Household Spending YoY (MAR) Actual: 6.2% Expected: 1.5% Previous: -6.6%
  • Heads Up:🇳🇿 Electronic Retail Card Spending YoY (APR) due at 23:45 GMT (15min) Actual: 108.7% Previous: 5.1%
  • Heads Up:🇳🇿 Electronic Retail Card Spending MoM (APR) due at 23:45 GMT (15min) Actual: 4% Previous: 0.8%
  • Heads Up:🇯🇵 Household Spending YoY (MAR) due at 23:30 GMT (15min) Expected: 1.5% Previous: -6.6%
Japanese Yen Keeps Falling as Retail Data Miss, Some Badly

Japanese Yen Keeps Falling as Retail Data Miss, Some Badly

David Cottle, Analyst

Talking Points:

  • Japanese retail sales missed forecasts in February
  • Large retailers were especially hard hit
  • The Yen was slipping anyway, against a broadly stronger US Dollar. It continued to.

The Japanese Yen continued to slide against an already resurgent US Dollar Wednesday after a lackluster set of official retail data from its home country.

Sales rose 0.2% on the month; that was just below the 0.3% rise expected. However, the annualized miss was much greater. Compared to February 2016, sales rose just 0.1%. That was very much below both the forecast 0.7% gain and January’s 1% rise. The picture for large retailers was even worse. Their sales fell 2.7% on the year, when a 1.8% slide had been expected.

Consumption has been a real weak spot for Japan, despite Tokyo’s strenuous efforts to revive it, and these figures show that it continues to be. They don’t bode well for official consumer price numbers which will see daylight on Thursday.

Rising anyway, USD/JPY

Japanese Yen Keeps Falling as Retail Data Miss, Some Badly

The US Dollar was already bouncing back from four-month lows, a process which began in Tuesday’s North American session. Federal Reserve vice-chairman Stanley Fischer said in a televised interview that two more interest-rate hikes this year seemed "about right” to him. This is of course the Fed’s well-trodden official line, but his comments nevertheless revitalized Dollar bulls who had started to doubt the thesis, worried about the Administration’s legislative power.

Political uncertainties surrounding Britain's exit from the EU also hit European currencies, while signs of ebullient US consumer confidence further supported the greenback.

Would you like to know more about financial market trading? The DailyFX Trading Guide is all yours.

--- 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.