After ending the previous trading session at zero, Euro-Yen increases slightly to 138.31 (down 0%) .
Trading week at a glance - EUR/JPY is up to 138.31, after closing yesterday at zero. Overall, a 0% move or 13,830 pips this week. (Start trading Euro-Yen at FXTM today).
Euro-Yen's upside takes place amid mixed market indicators — Euro Zone CPI (YoY) (Jun) beats expectations of 8.4 with new data release of 8.6. This is also a step forward from the previous data of 8.1. Japan Tankan Large Manufacturers Index (Q2) published Thursday came out at nine, falling short of the 13 projections and continuing its decline from the previous 14 figure. Japan Tankan Large Non-Manufacturers Index (Q2) released earlier shows an improvement to 13 from the preceding data of nine, but falls short of the projected 14. Germany Unemployment Change (Jun) comes out at 133,000, better than analyst estimates of -6,000 and improving upon the previous reading of -4,000.
Meanwhile, Germany 10-Year Bund Auction is released with a new figure of 1.22, this is down from preceding data of 1.33.
Outlook for rest of the week: Positive Euro-Yen indicators are expected going forward as Euro Zone ECB President Lagarde speech is scheduled Friday. Euro Zone ECB Publishes Account of Monetary Policy Meeting is scheduled for tomorrow at 11:30 AM.
The market is looking forward to the release of new data: Japan's new Current Account n.s.a. (May) data will be available tomorrow at 11:50 PM. Data is expected to decline to 186 billion from its previous value of 501 billion.