By FX Empire.com
The USD/JPY pair traded in a range last week trying to reflect its downside trend, but the optimism in the financial market prevented the pair from record more gains.
On the other hand, the Japanese yen retreated against most of its major counterparts, but it kept its gains against the dollar as the weak greenback opened the way for the yen to control the pair’s movement.
On Monday at 04:30 GMT, the Japanese economy will start the week with the final August Industrial Production where it was reported with a rise of 0.8%, and by 0.6% on the year.
The U.S. economy will release the Empire Manufacturing survey for October at 12:30 GMT where the index is expected to improve to -4.0 from -8.82.
The Industrial Production for September will be released from the U.S. economy at 13:15 GMT and expected to maintain the same expansionary pace as the previous month of 0.2%. On the other hand, the Capacity Utilization is expected to rise to 77.5% from 77.4%.
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