Dollar/Yen is trading around 142.61, after closing the previous week at 142.61 (down 0%) .
A good end to the trading week, USD/JPY is up to 142.61, after closing yesterday at zero. Overall, a 0% move or 14,261 pips this week. (Trade Dollar/Yen with FXTM now).
This move comes while some more positive signs for Dollar/Yen are out as data for Japan GDP released Wednesday comes out at 0.9, beating projections of 0.7 and showing improvement over the preceding figure of 0.5.
On the flip side, data for United States Initial Jobless Claims released yesterday at 12:30 UTC comes out at 222,000, beating projections of 240,000 and showing improvement over the preceding figure of 228,000.
At the same time, Japan CFTC JPY speculative net positions released today at 19:30 UTC with a figure of -58,200, while the previous figure was -41,500. Japan Current Account n.s.a. (Jul) comes out at 229 billion, while the projection was 714 billion. Data for Japan GDP released Wednesday comes out at 3.5%, beating projections of 2.9% and showing improvement over the preceding figure of 2.2%.
The market is looking forward to the release of new data: projections for Japan Exports are set for a continuation of decline with 18.2% while previous data was 19%; data will be released Wednesday. Japan Trade Balance (Aug) scheduled to come out Wednesday. Japan Industrial Production is expected Wednesday.