What’s Next for USD/JPY After Corrective Downside Journey from Six-Week Highs?
The USD/JPY currency pair has recently been experiencing a corrective downside journey, pulling back from its fresh six-week highs of 133.31 to trade under 133.00. The pullback has been influenced by several factors, including the hotter-than-expected US Consumer Price Index (CPI) data, hawkish comments from US Federal Reserve (Fed) officials, and broad risk aversion that […]
Japan’s Economy Shrank an Annualized 3.9% in 1Q – USD/JPY advanced
Japan’s economy shrank at a slower pace than initially estimated in the first quarter of 2021, the government’s revised data showed Tuesday, confirming the first contraction in three quarters. The world’s third-largest economy after the U.S. and China shrank 3.9% on an annualized basis, which reflects what would happen if the first-quarter pace continued for […]
Japan’s Economy Expands More Than Expected – GDP Surges 21.4% On Year In Q3
TOKYO — The Japanese economy expanded at its fastest pace in at least 40 years in the July-September period as private consumption and exports improved along with the reopening of the global economy. The world’s third-largest economy after the U.S. and China expanded 5% in the third quarter of 2020 from the previous quarter, the […]
Japan’s Longest-Serving Premier Abe Resigns Due to Health
Japan’s PM Shinzo Abe resigns over health concerns, says he is ‘struggling’ with recurrence of ulcerative colitis 👉 Abe’s resignation ends his run as the country’s longest serving premier. The 65-year-old said he had been struggling with a relapse of his chronic illness👉 ‘Poor health should not lead to wrong political decisions,’ he said, explaining his decision […]
Japan’s Job Conditions May Worsen Further as EUR/USD Regains 1.1800 Level
Job conditions in Japan are likely to worsen further as the economy struggles to recover from the Covid-19 pandemic, which followed a slump caused by consumption tax increase in October 2019, SMBC Nikko Securities says. Deteriorating jobs conditions aren’t fully reflected in the jobless rate as some workers are asked to cut working hours, the […]
USD/JPY Struggles for 106.00 as EUR/USD Eases Around 1.1800
Fewer Australians were reporting feeling concerned about their personal health due to Covid-19 in June compared with May, according to the Australian Bureau of Statistics. It reports that 54% in June showed concerns compared with 62% in May. Also, around 48% of Australians self-isolated in June compared with 62% in May, while only one-third of […]