Hi
The Japanese Yen (JPY) slid against a basket of currencies, once again reaching a record lows beside the Euro of 162.65, ahead of Friday heavy slate of data and BoJ call rate. Overall the JPY traded with a range of low 118.54 and a high of 119.67 before closing the day at 119.58 in the New York session. As mentioned, Friday proves to be a critical data for the Yen with significant economic drivers the focus. Beginning with Household Spending (Forecast: 0.8%, Prior: 1.3%), Core CPI (Forecast: -0.2%, Prior: -0.1%), PMI Manufacturing (Prior: 52.5), Unemployment rate (Forecast: 4% unchanged), Industrial Output (Forecast: 1.1, Prior: 0.7), Retail Sales (Forecast: -0.6, Prior: -0.2%) and Finally the BoJ rate announcement which many analyst expect to remain unchanged at 0.5%, yet as always accompanying statements made by officials may in fact cause some movement.
p.s. good luck today
The Japanese Yen (JPY) slid against a basket of currencies, once again reaching a record lows beside the Euro of 162.65, ahead of Friday heavy slate of data and BoJ call rate. Overall the JPY traded with a range of low 118.54 and a high of 119.67 before closing the day at 119.58 in the New York session. As mentioned, Friday proves to be a critical data for the Yen with significant economic drivers the focus. Beginning with Household Spending (Forecast: 0.8%, Prior: 1.3%), Core CPI (Forecast: -0.2%, Prior: -0.1%), PMI Manufacturing (Prior: 52.5), Unemployment rate (Forecast: 4% unchanged), Industrial Output (Forecast: 1.1, Prior: 0.7), Retail Sales (Forecast: -0.6, Prior: -0.2%) and Finally the BoJ rate announcement which many analyst expect to remain unchanged at 0.5%, yet as always accompanying statements made by officials may in fact cause some movement.
p.s. good luck today
