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.

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
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
Oil - US Crude
Mixed
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
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇺🇸 House Price Index MoM (JUL) Actual: 1% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-09-23
  • 1900-1920 support no longer in $Gold down to the next spot on the chart - 1871 is 50% of June-August bullish move. That monthly chart though - working on a non-completed evening star formation (img 2) https://t.co/piWVcG2RBh https://t.co/KVhkJiM8Sx
  • 🇺🇸 House Price Index MoM (JUL) Actual: 1.0% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇺🇸 Fed Mester Speech due at 13:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-23
  • Heads Up:🇺🇸 House Price Index MoM (JUL) due at 13:00 GMT (15min) Previous: 0.9% https://www.dailyfx.com/economic-calendar#2020-09-23
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.27%, while traders in NZD/USD are at opposite extremes with 66.87%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/peklh4PMnX
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/fXShtfgera
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.07% 🇪🇺EUR: -0.14% 🇨🇭CHF: -0.17% 🇨🇦CAD: -0.25% 🇳🇿NZD: -0.76% 🇦🇺AUD: -0.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qpVEMWkF9W
  • Fed Vice Chair Clarida says he wants inflation to spend some above 2%, adds that he is not going to think about raising rates until actual inflation is 2%
  • 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:https://t.co/1oygcFMFNs https://t.co/9VjJlOHuz8
Japanese Yen Ticks Up After Big Retail Sales Beat

Japanese Yen Ticks Up After Big Retail Sales Beat

2017-05-30 00:23:00
David Cottle, Analyst
Share:

Talking Points:

  • The Yen gained a little on a sold beat for Japanese retail sales
  • Jobless numbers released a little earlier had been as expected
  • Still, the foreign exchange market is focused elsewhere

Learn how to trade Asia/Pacific markets more effectively with the DailyFX Trading Guide

The Japanese Yen didn’t move much following a local data deluge Tuesday, although it gained a little on blockbuster retail sales news from its home country.

Sales rose 3.2% in April, according to official figures. That was smartly above both the 2.3% rise expected and the previous month’s 2.1% gain. It was also the best month seen since early 2015. Still it remains to be seen to what extent if any this apparent willingness to spend will impact still-torpid consumer prices and, thereby, monetary policy.

“Not by much,” may be the answer to that. Retail sales may be very perky but overall household spending fell 1.4% in April, we learned on Tuesday, twice the 0.7% expected.

Data released a little earlier showed that April’s jobless rate was 2.8%, as forecast and unchanged from March. On a brighter note, the job/applicant ratio was ticked up to 1.48. While this is the highest reading since February 1974, it is also an incremental step in a nearly uninterrupted rise from mid-2009, and so seems hardly out of character.

Still, the Yen market is clearly focused elsewhere at present. EUR/JPY remains heavy after European Central Bank President Mario Draghi struck a dovish monetary policy note in Brussels on Monday, as expected.

And, just before the Japanese numbers came out, St. Louis Federal Reserve President James Bullard crossed the wires. He thinks US interest rates are now just about where they ought to be and, if they should rise again, he doesn’t think it should be by very much. It should be noted however that Mr. Bullard is not a voting member of this year’s Federal Open Market Committee.

In any case, USD/JPY looks heavy in the 111.20 area, with the data if anything adding to the weight.

Japanese Yen Ticks Up After Big Retail Sales Beat

--- 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.

DISCLOSURES