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.

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
GBP/USD
Bearish
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
Gold
Bullish
Oil - US Crude
Bullish
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
Bitcoin
Mixed
More View more
Real Time News
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 https://t.co/DoVBd1l1oO
  • #Silver is a precious metal commodity that investors use as an inflation hedge and safe-haven asset. Find out what are some strategies and tips to trade silver here: https://t.co/k4tVcFuwxW #CommoditieswithDailyFX https://t.co/zXCSmH2HLX
  • Markets are trying to maintain a bullish tilt as a new week rolls around, a look ahead at the charts of the #Dow, #DAX, and #FTSE. Get your technical analysis on major world indices from @PaulRobinsonFX here: https://t.co/bYjRDvQsdM https://t.co/mbg0rUbv3K
  • Trade conflict is clearly awful for the broad world economy, but some countries are already benefiting from it. More stand to do so. Spotting them early could be profitable. Get your update on the #tradewar from @DavidCottleFX here: https://t.co/og0VAPAqwm https://t.co/xB8hYUj4OA
  • #Gold prices may suffer if better-than-expected US economic data and progress on US-China trade negotiations cool 2020 Fed rate cuts and alleviate demand for anti-fiat hedges. Get your $XAUUSD market update from @ZabelinDimitri here: https://t.co/3ula2sUpqL $gld https://t.co/2iZwxcm3wP
  • What's the difference between leading and lagging indicators? Find out from @RichardSnowFX here:https://t.co/vGx8HCagF5 https://t.co/KCZ48rDnhy
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/tTXcw1b7Tp
  • RT @dlacalle_IA: ... “Temporary” Fed plans to double repo market intervention to avoid cash crunch https://t.co/j6N3Qmo6HX
  • RT @HeathaT: The @USTradeRep "fact sheet" on the US-China deal is pretty light on details, but if you're looking for something written down…
  • The inside bar pattern occurs regularly within the financial markets. Incorporating the inside bar strategy within a trading system can enhance a trader’s market analysis technique. Find out how you can use it from @WVenketas here: https://t.co/E3EWOYTYNw https://t.co/1H5UASpHb7
Yen Steady After Positive GDP Data Markets Eye US CPI

Yen Steady After Positive GDP Data Markets Eye US CPI

2018-08-10 00:30:00
Dimitri Zabelin, Junior Currency Analyst
Share:

TALKING POINTS – YEN, GDP, BOJ, CPI, USD, TRADE WARS

  • Yen did not significantly react to local GDP data despite exceeding forecast
  • Japan and US trade talks underway with focus on reducing auto tariffs
  • US CPI data may be key factor in influencing USD/JPY exchange rates

See our free guide to learn how to use economic news in your trading strategy!

The Japanese Yen did not have any momentous price movement against its US counterpart as local GDP data showed a 1.9% annualized growth rate, beating the forecast of 1.4%. The market’s response to the new data indicates that other economic factors may play a more significant role in influencing the Yen’s price movement.

The BOJ may not alter its monetary policy anytime soon with its focus still primarily on achieving a 2% inflation target. The price growth rate (excluding fresh food) stood at just 0.8% that as of July. Interest rate futures markets indicate that the next probable rate hike will occur only in March 2020.

Looking ahead, the markets are now focusing on the upcoming US CPI data that is scheduled to be released on August 10th at 12:30 GMT. The outcome of trade talks between the US and Japan currently underway is also of note. Trade Representative Lighthizer and Japanese Economy Minister Motegi are discussing proposed auto import tariffs and the TPP free trade accord, which the Trump administration has opted to abandon.

Yen Steady After Positive GDP Data Markets Eye US CPI

USD/JPY TRADING RESOURCES:

--- Written by Dimitri Zabelin, Jr Currency Analyst, DailyFX

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

DISCLOSURES

News & Analysis at your fingertips.