Weak Japanese Economic Data encourages Shedding of Risk |
|
Weak Japanese economic data encouraged the shedding of risk overnight driving the U.S. Dollar higher against most major currencies while pressuring the Dollar/Yen. Overnight it was reported that Japanese economic data was weak, with the core CPI falling 1% from a year earlier in June. May industrial production and employment figures also signaled a weakening economy. The news out of Japan triggered a sharp rise in the Dollar versus most of the major markets. Nervousness ahead of
Filed under: Technical
Latest Posts
- GBPUSD continues its bearish move
- Forex - Chart EUR/USD Update : Scope for corrective bounce, further losses later
- Daily Market Outlook
- GBP/USD: gaining momentum
- Forex - Chart NZD/USD Update: Breaks .7182 support, further drop in focus
- Aversion to risk dominated the day after Labor Day
- The Euro declined overnight
- Currency Majors Technical Perspective
- Forex Commentary: USDJPY and EURJPY price action 9-7-10
- Second-Quarter Real GDP Growth - Germany vs. the U.S.
- New York Session
- U.S. Forex Market Commentary
- U.S. Forex Market Commentary
- Forex Weekly
- GBP/USD; High Grade Copper; Wall Street Cash