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
Subscribe
Please try again
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
Wall Street
Bearish
Gold
Bearish
GBP/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
USD/JPY
Bullish
More View more
Real Time News
  • 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: https://t.co/Yl9vM7kO6a https://t.co/HzHZKB6lNG
  • (Commodities Briefing) Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat #OOTT #WTI #Oil #CrudeOil https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/13/Crude-Oil-Prices-at-Risk-if-US-PPI-Data-Echoes-the-Consumer-Inflation-Beat.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ojHQZXPFF3
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/NVlReyO4Ln
  • 🇯🇵 Eco Watchers Survey Outlook (APR) Actual: 41.7 Previous: 49.8 https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇯🇵 Eco Watchers Survey Current (APR) Actual: 39.1 Previous: 49 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (APR) due at 05:00 GMT (15min) Previous: 49.8 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇯🇵 Eco Watchers Survey Current (APR) due at 05:00 GMT (15min) Previous: 49 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Crude oil double top in the works? - #CL1! chart https://t.co/IXWHfFNqRF
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.04%, while traders in GBP/USD are at opposite extremes with 64.57%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lrz6hYQcvg
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.11% 🇳🇿NZD: 0.05% 🇬🇧GBP: 0.04% 🇪🇺EUR: 0.01% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DLZh2GHNhV
Japanese Yen Inches Lower as Big Business Turns Gloomy

Japanese Yen Inches Lower as Big Business Turns Gloomy

David Cottle, Analyst

Talking Points:

  • The Yen was pressured by official business sentiment data
  • Large, corporate Japan has turned very gloomy
  • Global uncertainty is very likely taking a toll

Give your Asian market trading strategy a tune-up with the DailyFX guide

The Japanese Yen weakened Tuesday on news that businesses were gloomier than they had been for a year.

The second quarter’s “large all-industry” Business Sentiment Index (BSI) from the Ministry of Finance fell 2 points, having previously risen by 1.3. There was broad-based foreboding across the sub-indexes too. Large manufacturing sentiment swooned a nasty 2.9 points on the quarter, with the large non-manufacturing segment’s down by 1.6.

This was a relentlessly downbeat survey which is probably Yen-negative both on the bald facts of weaker sentiment and in that it argues strongly for the maintenance of ultra-easy monetary policy if not further loosening.

The US Dollar rose very modestly against the Japanese currency in the wake of the data, which admittedly are rarely big market movers.

Japanese Yen Inches Lower as Big Business Turns Gloomy

The idea that trickier times lie ahead for the global economy as 2017 ages is not a new one. Uncertainties abound and some key factors have only become less predictable. Look at the UK’s recent election for evidence of that, if you need it. Unfortunately for Japan much of its prospective growth depends on global demand. The domestic situation remains mired by the enduring weakness of inflation expectations.

--- 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