Dollar/Yen is trading around 142.94, after closing the previous week at 142.94 (down 0%) .
A good end to the trading week, USD/JPY is up to 142.94, after closing yesterday at zero. Overall, a 0% move or 14,294 pips this week. (Trade Dollar/Yen with FXTM now).
This move comes while some more positive signs for Dollar/Yen are out as following a previous reading of 0.4%, Core Retail Sales in United States released yesterday at 12:30 UTC fell short of the 0.1% figure expected by analysts with an actual reading of -0.3%.
On the flip side, highly important Retail Sales data from United States beat analyst expectations of 0.2% with a reading of 0.3%. United States Initial Jobless Claims beat analyst expectations of 226,000 and the previous reading of 218,000 with new data of 213,000.
At the same time, Japan CFTC JPY speculative net positions released today at 19:30 UTC with a figure of -80,700, while the previous figure was -58,200. United States Philadelphia Fed Manufacturing Index (Sep) came out at -9.9, while a consensus of analysts was expecting 2.8.
Outlook for rest of the week: Positive indicators for Dollar/Yen are expected going forward as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 833,000, following on from the preceding figure of 2.44 million. New data is set to be published Wednesday.
Furthermore, the market is looking at Japan National Core CPI (YoY) (Aug) will be released Monday. Japan Interest Rate figure is projected at -0.1. It previously stood at -0.1; data will be released Thursday.