JPY Daily News

Carry Trades Are Still the Name Of The Game.

The Yen completed last week trading session with mixed results versus the major currencies. The Japanese currency when placed against the USD lost close to 100 points closing last weeks trading session at 107.87. The Yen versus the GBP lost about 110 points as the pair closed at 214.73. Last week, it was forecasted that several indicators including the Tokyo Core CPI, National Core CPI and CSPI would help move the JPY on its own; however a string of unchanged results left the JPY price movement in the hands of outside sources.

This week Japan will provide even more indicators to the economic calendar and will likely contribute to its currency volatility. The Retail Sales, Preliminary Industrial Production and Average Cash Earnings are all expected to see small losses, and along with bullish USD or EUR news could further reducing the much-needed points for the JPY.

Today, local Japanese data could contribute to JPY volatility as we expect Overall Household Spending, the Unemployment Rate and Retail Sales. Data is forecasted to be negative and will likely move the JPY in a bearish direction. Forex investors might consider going short against the JPY today.

Current Time: 05/27 00:47 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
07/28
	00:30	JPY	Overall Household Spending	y/y	-3.2%	-2.8%	-1.8%
	00:30	JPY	Unemployment Rate		4.0%	4.0%	4.1%
	00:50	JPY	Retail Sales	y/y	0.3%	-0.2%	0.3%