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JPY Daily News
Gross Domestic Product Data On Tap.
Yesterday, the JPY underwent volatile sessions against most of its major currency counterparts. The JPY began the trading day with falling signals, yet later it managed to appreciate and resume its former levels.
The Japanese economy released 2 financial indicators yesterday. The Yearly Machine Tool Orders that decreased by 8.9% which is greater decline than previously published a year ago. And the Corporate Goods Price Index had unexpectedly risen by 7.1% in July from a year earlier, making it the highest rise for the index since January 1981.
As for today, a very significant news day is scheduled for the Japanese economy, as the Preliminary Gross Domestic Product Indices will be released. These indicators are a leading measure for the economy inflation, and analysts forecast both to decrease. Such results should prevent the Japanese economy chiefs from rising interest rates, and might further weaken the JPY. Traders should place their positions before the release of the two indices, in order to benefit from a sharp price move that is likely to take place at that time.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/12 | ||||||||
| 05:30 | JPY |  Revised Industrial Production | m/m | -2.0% | -2.0% | -2.2% |  | |
| 06:00 | JPY | Household Confidence | 32.6 | 32.1 | 31.4 | | ||
| 00:50 | JPY | Prelim GDP | q/q | 1.0% | -0.6% | -0.6% |  | |
| 00:50 | JPY | Prelim GDP Price Index | y/y | -1.5% | -1.5% | -1.6% |  | |
| 00:50 | JPY | Current Account | 2.03T | 0.50T | 1.29T | | ||
