By FX Empire.com
The USD/JPY pair started the week with losses to trade near its post-war levels, where the weak dollar and the improvement in the majors’ levels opened the door for more gains for the Japanese currency.
Jitters are still evident, yet eased fears over Europe suppressed haven demand on the yen as well. The EU leaders’ plans to contain the debt crisis started to appear on the scene, which increased confidence between investors to reflect on Asian stocks that recorded gains on the first trading day of the week as the market awaits the final details due maximum Wednesday.
On Tuesday at 05:00 GMT, Japan will issue the Small Business Confidence for October where it had a prior reading of 47.2.
On Tuesday, the U.S. economy will release the Consumer Confidence for October at 14:00 GMT, where it’s expected to come at 46.3 from the previous 45.4. The House Price Index for August is due at 14:00 GMT which had a previous reading of 0.8%.
Read more Daily Forex Fundamental Analysis here.
