USD/JPY Weekly Analysis (week of 08-12/06)

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Weekly Summary

USD/JPY remains in the 107.44 range after starting the session at 109.150002 and dropping 171 pips

Even though falling short of the projected -0.5%, Japan Gross Domestic Product released earlier shows an improvement to -0.6% from the preceding data of -0.9%. Data for Japan CFTC was released Friday 7:30 PM suggests a downwards trend with 32.6K, while previous data was 32.3K Japan Current Account fall short of the 0.480T projections, with 0.263T and continued its downward trajectory from previous figure of 1.971T.

Japan Press Conference is scheduled for Tuesday 7:00 AM. Japan Monetary Policy is scheduled for Tuesday 4:30 AM.

Jun. 12, 2020

USD/JPY is trading around 107.38 after starting the session at 106.81(up 0.53%)

(20:00) GMT

USD/JPY holds at 107.38 after starting the session at 106.81 and gaining 56 pips (0.53%)

Data for Japan CFTC was released today at 7:30 PM suggests a downwards trend with 17.5K, while previous data was 27.2K New data for United States Producer Price Index was released Thursday 12:30 PM comes out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -1.3%. United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K. Data for Japan Primary Consumer Sentiment Index was released today at 2:00 AM suggests a downwards trend with 33.63, while previous data was 29.58 Data for Japan Capacity Utilization was released today at 4:30 AM suggests a downwards trend with -13.3%, while previous data was -3.6%

Jun. 11, 2020

USD/JPY is trading around 106.79 after starting the session at 107.09 (down -0.28%)

(23:00) GMT

USD/JPY slides down from 107.09 to 106.79, taking a 29 pips loss (-0.28%)

Data for Japan BSI Large Manufacturing Conditions (Q2) was released Wednesday 11:50 PM suggests a downwards trend with -52.3, while previous data was -17.2 United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K.

Japan CFTC is scheduled for tomorrow at 7:30 PM.
Japan Primary Consumer Sentiment Index is scheduled for tomorrow at 2:00 AM.
Japan Capacity Utilization is scheduled for tomorrow at 4:30 AM.

Jun. 10, 2020

USDJPY is trading around 106.92 after starting the session at 107.69 (down -0.72%)

(23:00) GMT

Dark Red: USDJPY lost 76 pips, tumbling down to 106.92

While down from preceding data of 6.011M, United States JOLTs Job Openings (Apr) is better than expected at 5.046M according to new data released Tuesday 2:00 PM United States Money Supply fall short of the 0.25% projections, with 0.25% and continued its downward trajectory from previous figure of 0.25%.

Japan BSI Large Manufacturing Conditions (Q2) is scheduled for today at 11:50 PM.
United States Producer Price Index is projected to out perform last figure with 0.1% while it previously stood at -1.3%, data will be released tomorrow at 12:30 PM.
According to projections United States Money Supply are set for a continuation of decline with 1,550K while previous data was 1,877K, data will be released tomorrow at 12:30 PM.

Jun. 9, 2020

USDJPY is trading around 107.73 after starting the session at 108.41 (down -0.63%)

(22:00) GMT

USDJPY remains in the 107.73 range after starting the session at 108.41 and dropping 67 pips

Data for United States JOLTs Job Openings (Apr) was released today at 2:00 PM is better than expected with 5.046M, but worse than previous figure of 6.011M. Japan Money Supply released Monday 11:50 PM with a figure of 1,856.1T, this is better from previous number of 1,843.1T Japan Economy Watchers Current Index (May) released Monday 5:00 AM with a figure of 15.5, this is better from previous number of 7.9

Japan BSI Large Manufacturing Conditions (Q2) is scheduled for tomorrow at 11:50 PM.
According to projections United States Money Supply are set for a continuation of decline with 0.25% while previous data was 0.25%, data will be released tomorrow at 6:00 PM.

Jun. 8, 2020

New 2 months high for USDJPY at 109.69

(14:00) GMT

USDJPY moves from 109.11 to 108.86, a 25 pips change.

Earlier – Even though falling short of the projected -2.1%, Japan Gross Domestic Product released earlier shows an improvement to -2.2% from the preceding data of -3.4%. Japan Current Account fall short of the 0.480T projections, with 0.263T and continued its downward trajectory from previous figure of 1.971T.

Market looking ahead for –

United States JOLTs Job Openings (Apr) looks to be getting worse with an expected 5.375M while preceding figure was 6.191M, new data will be released tomorrow at 2:00 PM.
Expectations for Japan Core Machinery Orders (MoM) (Apr) are set for a continuation of decline with -8.6% while previous data was -0.4%, data will be released tomorrow at 11:50 PM.
Japan Core Machinery Orders (YoY) (Apr) seems to be pointing downwards with an expected -14.0% while preceding figure was -0.7%, new data will be released tomorrow at 11:50 PM.