Euro-Yen inches up to 149.9 (a 0% gain) after closing the previous session at zero .
A good end to the trading week, EUR/JPY is up to 149.9, after closing yesterday at zero. Overall, a 0% move or 14,990 pips this week. (Start trading Euro-Yen at FXTM today).
At the same time, Euro Zone Consumer Price Index released Thursday with a figure of 6.1%, while the previous figure was 7%. Germany Industrial Production released earlier showed a marked improvement to 0.3% from the preceding data of -2.1%, but fell short of the 0.6% figure forecast by a consensus of market analysts. Germany Factory Orders released earlier showed a marked improvement to -0.4% from the preceding data of -10.9%, but fell short of the 3% figure forecast by a consensus of market analysts. Japan Household Spending (MoM) (Apr) came out at -1.3, while a consensus of analysts was expecting 0.6. Japan Household Spending (YoY) (Apr) released Monday with a figure of -4.4, while the previous figure was -1.9.
Outlook for rest of the week: Positive indicators for Euro-Yen are expected going forward as Japan GDP is projected to outperform its last figure with 0.4. It previously stood at zero; data will be released today at 23:50 UTC.
Furthermore, the market is looking at Germany Consumer Price Index is expected Tuesday. Germany ZEW Economic Sentiment Index is expected Tuesday.