Risk appetite seemed to reign on Friday and we all know what this means for the JPY – it’s not a good thing! The yen sold off on Friday, giving way to higher yielders. The USDJPY and EURJPY pairs closed the week at 93.02 and 133.05 respectively, giving up much of the gains it made during the week.
A lot of new songs (economic reports) coming out from Japan this week, but none that are expected to hit the Billboard Top 50. Today, we have the data on bank lending, money supply and the current account all due at 11:50 pm GMT, while tomorrow at 5:00 am GMT, the Economy Watchers Sentiment report will be released. Don’t expect these reports to create much noise on the air waves. It might be better to change the channel and tune into other stations to see what will be playing in other countries. These could dictate and shift risk sentiment.
A lot of new songs (economic reports) coming out from Japan this week, but none that are expected to hit the Billboard Top 50. Today, we have the data on bank lending, money supply and the current account all due at 11:50 pm GMT, while tomorrow at 5:00 am GMT, the Economy Watchers Sentiment report will be released. Don’t expect these reports to create much noise on the air waves. It might be better to change the channel and tune into other stations to see what will be playing in other countries. These could dictate and shift risk sentiment.
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