Forex
globalreutersSeptember 30, 20241 Mins read
USD/JPY higher to open the week – update after weekend news and Monday data
globalreutersSeptember 30, 20241 Mins read The yen rocketed higher on Friday on political news:
When I say rocketed, I am not exagerrating. USD/JPY was above 146.00 and ended Frdiay down near 142.00.
We’ve had a bit of a rebound/retracement in early Monday trade.
News and data:
- Japan data – August Industrial production -3.3% m/m (expected -0.9%)
- Japan August Retail Sales 2.8% y/y (expected 2.3%)
- Talk of a Japanese election October 27
This article was written by Eamonn Sheridan at www.forexlive.com.
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