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
  • UK money markets erase bets on BoE rate cut - BBG. #BoE $GBP
  • $EURUSD has strengthened today amidst weakness from the US Dollar, rising back above the 1.2200 level for the first time since early January. $EUR $USD
  • $USD is weak, so is $Gold continued bearish move from that resistance inflection earlier this week. making another move towards the key support zone 1763-1766 (img 2) $GC $GLD
  • $USDCAD crushed through that 1.2500 handle, but selling seems to be slowing below the psych level. could be an item of resistance for bearish trend plays in the pair
  • Fed's Bostic: - Economy is currently in a rough patch, recovery has been very uneven - GDP rebound has happened faster than employment rebound - Optimistic that vaccinations will drive faster job growth - Fed's mandate focuses on employment, not GDP #Fed $USD
  • Yields on the US 10y Treasury tightened slightly following strong durable goods orders and lower than expected jobless claims prints, falling from 1.46% to 1.44%. $USD $GOVT
  • GBP/CNH approaching an interesting area of longer-term resistance... #yuan #sterling #gbpcnh @DailyFX Prices via @IGcom
  • 🇺🇸 GDP Price Index QoQ 2nd Est (Q4) Actual: 1.8% Expected: 2% Previous: 3.3%
  • 🇺🇸 Initial Jobless Claims (20/FEB) Actual: 730K Expected: 838K Previous: 841K
  • 🇺🇸 Jobless Claims 4-week Average (FEB/20) Actual: 807.75K Previous: 828.25K
Japanese Yen, Nikkei 225 Little Moved as Manufacturing Growth Slows

Japanese Yen, Nikkei 225 Little Moved as Manufacturing Growth Slows

Varun Jaitly,

Talking Points:

  • Japan’s flash PMI slowed from 53.1 to 52 with output hitting its slowest pace in nine months.
  • The Nikkei 225 and Yen were little changed following the release of the Manufacturing PMI data
  • Japan’s Manufacturing sector expanded for 10th month, employment, new orders increasing

See how retail traders are positioning in theJapanese Yenusing IG Client Sentiment

The Japanese Yen was little changed following a downshift in the country’s manufacturing PMI from 53.1 to June’s 52.0 reading – a throttled pace of expansion through the end of the second quarter. Despite the implications this carries for the world’s third largest economy and the Bank of Japan’s already-depressed monetary policy bearings, the currency proved resilient to the fresh data. In similar fashion, the balanced sentiment carried over to the bond and equity markets

According to the Nikkei’s manufacturing survey, this month has marked the tenth consecutive period of expansion for the manufacturing sector – any reading above 50.0 indicates expansion for the sector. Looking into the report component statistics; new orders, employment and output all increased but at a similarly slower rate. Despite the overall tenth consecutive month of growth for the sector, it was nevertheless the slowest pace in seven months.

Putting this indicator into context, Japan’s economy through the first quarter of the year expanded by 0.3 percent. While that is a tepid pace – in fact the same clip for three straight quarters – it extends a notable period of expansion. In fact, with last quarter’s growth, the country tallied its longest period of expansion in a decade. Weak domestic consumption has raised the need for exports output to provide lasting growth. That has proven a difficulty with the rise of competitive political and trade policy to replace the popular monetary policy efforts depended upon just a few years prior.


Japanese Yen, Nikkei 225 Little Moved as Manufacturing Growth Slows

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