By FX Empire.com
The USD/JPY with strong movements and choppy trading as some hope was seen that Europe might act to stem the crisis which eased demand on haven currencies and on the Japanese yen.
With the current market sentiment, the risky assets have no reason to advance yet only move on the prevailing sentiment and the start on Monday was a good one for investors; the EU debt crisis still has it negative effect on other economies in addition to the pessimistic fundamental released about major economies. Nevertheless, comments from Japan hinting further intervention further weakened the yen.
On Tuesday at 23:30 GMT (Monday), Japan will release the annual Household Spending for October which had a prior reading of -1.9%. As for the Japanese Jobless Rate for October it had a previous reading of 4.1%.
At 23:30 GMT the Japanese economy will release the annual Retail Trade for October with a prior reading of -1.2%, while the seasonally adjusted Retail Trade for October it had a prior reading of -1.5%.
The U.S. economy will release the Consumer Confidence of November at 15:00 GMT, with a prior reading of 39.8 and it’s expected to come at 43.5. While the House Price Index for September it had a prior reading of -0.1%.
Originally posted here
