Stalemate for Dollar/Yen bulls and bears .
A good end to the trading week, USD/JPY is up to 135.11, after closing yesterday at zero. Overall, a 0% move or 13,511 pips this week. (Start trading Dollar/Yen at FXTM today).
Dollar/Yen upside coincides with further encouraging market factors as following a previous reading of 3.4, Unemployment Rate in United States released today at 13:30 UTC fell short of the 3.4 figure expected by analysts with an actual reading of 3.6.
Nevertheless, Japan GDP released earlier showed a marked improvement to zero from the preceding data of -0.3, but fell short of the 0.2 figure forecast by a consensus of market analysts. Highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.
At the same time, Japan CFTC JPY speculative net positions released today at 20:30 UTC with a figure of -34,000, while the previous figure was -29,100. Japan Interest Rate came out at -0.1, while a consensus of analysts was expecting -0.1.
Elsewhere, projections for Japan Industrial Production are set for a continuation of decline with -4.6% while previous data was 0.3%; data will be released Thursday. Japan Exports is projected to outperform its last figure with 7.1%. It previously stood at 3.5%; data will be released Wednesday. Japan Monetary Policy Meeting Minutes scheduled to come out Tuesday.