USD / JPY: on the positive NFP retained. What's next?

Technical analysis and trading recommendations - HERE!

Despite
a slight decrease from the beginning of this week the USD / JPY pair remains positive
dynamics, obtained on Friday by strong labor market data in the US
(NFP) in October.

at the auction
in Asia today, the yen fell against the US dollar after the release of data on the
Japanese economy. The price index for corporate goods (DCGPI) fell in October
(-0.6% vs -0.4% projected on a monthly basis and -3.8% vs -3.5% by
forecast of an annualized basis). This indicator measures the change in price level
Corporate goods and allows you to monitor production costs and
costs, as well as inflation in the manufacturing sector. reduction
indicators point to a slowdown of the economy, despite the fairly strong
growth of production orders for machinery and equipment in Japan in September
(+ 7.5% vs. + 3.3% forecast).

China is
closest trading partner of Japan and the buyer of Japanese goods as
It is showing clear signs of a slowing economy and moderating inflation and
domestic demand, in spite of the efforts made by the authorities.

So,
according to previously published data of the week, the index of consumer prices
China in October compared with the same period last year grew by only
1.3%, while the producer price index fell for the year by 5.9%. Together with the reduction
exports in October (-6.9%) greatly reduced imports (-18.8%) in China, in the
including Japanese goods.

At the end
October The Bank of Japan left the asset purchase program unchanged at 80
trillion yen, but the comments of representatives of the bank pointed to the commitment
Bank of Japan's loose monetary policy. At the same time the head of the Bank of Japan Kuroda
He said the central bank, if necessary, do not hesitate to go on
further easing of policy.

Bank
Japan has once again lowered the inflation forecast and GDP for the next year.

After
performances held in Brussels, ECB President Mario Draghi (8:30 and 10:30 GMT),
where he once again spoke in favor of expanding the asset purchase program,
He is saying that the ECB will review its monetary policy at its meeting on
December, today is worth paying attention to the speech of the Fed Janet Yellen
(14:30) and other members of the Fed. If the speakers touched upon the topic of monetary
policy, the volatility in USD pairs, including USD / JPY pair may
rise sharply.

That
However, in anticipation of higher interest rates in the US in mid-December, the couple
USD / JPY will be supported. From news for tomorrow should also pay
attention to 13:30 (GMT), when the data will be published on the level of retail
Sales in the US in October (forecast + 0.3% to an increase of 0.1% in September). Upon confirmation
USD forecast and USD / JPY pair strengthened.

USDJPY on positive NFP retained

America has lost positive and

America has lost the positive and closed in the red on Tuesday Stock trading in the US Yesterday the index closed lower, and during the session, the...

We look forward to reducing USDJPY

We look forward to reducing the USD / JPY on expectations Nonfarm Payrolls Analytics from Forex Analitik The USD / JPY corrected up to the end of last...

US stock markets closed mixed

US stock markets closed mixed , Dow Jones added 0.40% The US stock market closed the trading session on Monday in different directions due to the...