The Yen is trying to strengthen again. Overview for 28.06.2019
On Friday, USDJPY is slightly falling; investors are interested in “safe haven” assets.
The Japanese Yen is getting stronger against the USD on Friday. The current quote for the instrument is 107.65.
Right now, investors are mostly focused on the G-20 Summit that is taking place in Osaka, Japan. So far, all meeting are general in nature, that’s why In anticipation of the news, market players prefer “safe haven” assets.
In the morning, Japan published several reports that might be interesting to the capital market. The Unemployment Rate remained at 2.4%, which is not bad. The Tokyo Core CPI was 0.9% y/y in June after being 1.1% y/y the month before, which means that the CPI may also be not very impressive in the nearest future.
The preliminary report on the Industrial Production showed +2.3% m/m, which is a very good signal, because the indicator was expected to add only 0.7% m/m.
The Housing Starts lost 8.7% y/y in June, but this indicator tends to be very volatile without any particular reasons.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.