USD/JPY (week of 27-01/07)

Advertiser Disclaimer
Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Weekly Summary

Dollar/Yen hovers around 135.24 .

A good end to the trading week, USD/JPY is up to 135.24, after closing yesterday at zero. Overall, a 0% move or 13,523 pips this week. (Start trading Dollar/Yen at FXTM today).

This move comes while some more positive signs for Dollar/Yen are out as ISM Manufacturing PMI (Jun) in United States fell short of the 54.9 projection with 53 and continued its downward trajectory from previous figure of 56.1.

On the flip side, Japan Tankan Large Manufacturers Index (Q2) published yesterday at 11:50 PM 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.

Meanwhile, Japan CFTC JPY speculative net positions released today at 7:30 PM with a figure of -52,600, which is better than its previous number of -58,500. Japan Tankan All Big Industry CAPEX (Q2) beats expectations of 8.9 with new data release of 18.6. This is also a step forward from the previous data of 2.2.

Outlook for rest of the week: The market is looking forward to the release of new data: Japan Household Spending (YoY) (May) is projected to outperform its last figure with -0.8. It previously stood at -1.7, and data will be released Thursday. Japan Household Spending (MoM) (May) is projected to rise to 1.3, beating the previous one figure. Official data is expected Thursday. Japan Current Account n.s.a. (May) is projected to rise to 511 billion, beating the previous 501 billion figure. Official data is expected Thursday.

Jul. 1, 2022

Dollar/Yen is down by 48 pips (0.35%); currently trading around 135.24

(23:12) GMT

USD/JPY is down to 135.24, after ending yesterday at 135.72. Overall, a 0.35% loss or 48 pips today.

Tankan Large Manufacturers Index (Q2) in Japan fell short of the 13 projection with nine and continued its downward trajectory from previous figure of 14. 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.

Meanwhile, released today at 7:30 PM, Japan's CFTC JPY speculative net positions showed an uptick at -52,600, up from the previous number of -58,500.

In the meantime, negative performances are seen in other pairs, AUD/USD is trading around 0.6816 (down 86 pips). GBP/JPY is down to 163.52, losing 175 pips, after closing at 165.27 yesterday.

Though Dollar/Yen has been dropping, other pairs have been performing better: USD/SGD added 0.45% to its value, now trading at 1.3958.

Dollar/Yen is now trading 0.67% away from its significant high of 136.63, first tested 2 days ago.

follow us: