Fundamental view: Japan installed a new prime minister and the Federal Reserve stretched its zero rate prediction to the end of 2023 which made the pair to rally downwards in the last week. Japan Revised Industrial Production on 14th September, Japan Trade Balance on 16th September and Building Permits on 17th September created downtrend for the pair [...]
Fundamental view: The pair showed a mixed trend last week as US and Japanese economic and central bank developments failed to provide direction or incentive for movement. Japanese statistics showed some improvement in the August measures but were far short of a robust recovery. NFIB Small Business Index on 8th Sept and US Core CPI monthly [...]
Fundamental view: The USD/JPY has rallied significantly during the course of the week, reaching towards the 106.50 level. Japan Unemployment Rate, Final Manufacturing PMI on 1st Sept and Trade Balance on 3rd Sept favored uptrend for the pair whereas US ISM Manufacturing PMI, Wards Total Vehicle Sales monthly report on 2nd Sept and US Factory Orders quarterly [...]
Fundamental view: The US dollar has initially tried to rally against the Japanese yen, but gave back quite a bit of the gains, especially on Friday. Japan BOJ Core CPI on25th August and US Core Durable Goods Orders on 26th August supported upward movements for the pair whereas Japan SPPI yearly report on 26th August and US Unemployment [...]
