By FXEmpire.com
Analysis and Recommendation:
The USD/JPY is trading at 79.08 on a quiet Monday morning session in Asia. Japanese markets are closed for a local holiday, and there has been little eco data since the early in the US session on Friday. Earning season in the US is in full swing, which lifted the Wall Street on Friday, and gave a push to global markets.
The JPY continues to gain strength against a strong US dollar. The dollar index continues to trade in the mid 83 price level, but the JPY continues to add pips.
The possibility of Chinese monetary stimulus to help improve Chinese production has become the focus of the markets at present, as investors continue to trade central bank monetary easing as opposed to fundamentals. The possibility of a huge stimulus package would help support all of the Asian currencies and the primary trading partners of China, of which Japan is considered to be one of. Also last week, retail sales in China were higher than forecast, helping Japanese exports to China.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Upcoming Economic Events that affect the AUD, NZD, JPY and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
Jul 17 |
1:30 |
AUD |
2.4% |
|
|
9:15 |
ALL |
G7 Meetings |
||
|
12:30 |
USD |
-0.3% |
||
|
13:00 |
USD |
25.6B |
||
|
13:15 |
USD |
79.0% |
||
|
13:15 |
USD |
-0.1% |
||
|
Jul 18 |
0:30 |
AUD |
0.5% |
|
|
12:30 |
USD |
0.78M |
||
|
12:30 |
USD |
0.71M |
||
|
14:30 |
USD |
-4.7M |
||
|
Jul 19 |
1:30 |
AUD |
-1 |
|
|
12:30 |
USD |
|||
|
14:00 |
USD |
4.55M |
||
|
14:00 |
USD |
-16.6 |
||
|
Jul 20 |
1:30 |
AUD |
-1.2% |
Click here for updated USD/JPY News.
Originally posted here
