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NEXT WEBINARS
What moves currencies?
Expert: Tony Juste
Start: Thu, Jan 18, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- What could drive the markets?
- What is the expected data?
FX Lesson of the Day: Defining the trend
Expert: Dave Floyd
Start: Tue, Jan 23, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
USD/JPY
Daily Forex Forecast - Daily Forex Forecast by FXDream
USD/JPY has made a pullback down to 120.30 immediate Support earlier today. The bias remains positive before the Bank of Japan interest rate Decision. The uptrend remains intact for test of 121.00 and 121.40 . On downside, first Support comes at 120.30 level. A break below may cause corrective fall towards 119.70 over the next trading sessions .
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Mid-Day Forex Technical Report - Dollar Little Change after Data by ActionForex.com
Daily Trading Strategy - Technical failure by MVDForex
Exceeding Strategies - Exceeding Strategies by Nexum Capital Markets
Currencies at a Glance
- EUR/USD
- Moves up above 1.2925
1/17/2007 5:06:06 PM - GBP/USD
- Continues to move up above 1.9700
1/17/2007 5:08:23 PM - USD/CHF
- Moves down below 1.2475
1/17/2007 5:10:34 PM - USD/JPY
- Continues to trade around 120.50
1/17/2007 5:12:39 PM
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. Beige Book
| Period | Time |
| December | Jan 17, 19:00 GMT |
Friday Notes - Theme: moderating growth and prices by HVB Group
Comments that Fed regional economists collect from local business contacts are unlikely to add much to the picture of how the US economy is doing at the turn of the year. Housing and autos are weak; some other parts of manufacturing are slowing. However, high tech manufacturing and most services industries are still expanding strongly.
[ Full Story ]Bank of Japan Rate Decision
| Previous | Consensus | Time |
| 0.25% | No Consensus | Jan 18, 05:00 GMT |
Central Banks - BoJ Meeting Preview by FXstreet.com
The Bank of Japan's nine-member policy will probably rise the overnight call rate target 25bp from 0.25% to 0.50%, on its incoming meeting. Although this is the most spread idea there's no consensus of how will the BoJ react. In July '06, the central bank raised the overnight call rate target for first time in six years, amid signs that the economy is on the mend and deflation is history.
Top Market Movers Review
U.S. TICS
| Period | Previous | Actual |
| November | 85.3B | 68.4B |
Net foreign acquisition of long-term US Secs $ 58.0B by FXstreet.com
Net foreign acquisition of long-maturity US Securities dropped in November to $58.0B from $74.9 billion in November, according to data by the US Treasury Department. The Treasury Department emphasized cross-border acquisition of securities with maturities of more than a year, including non market flows such as stock swaps and principal repayment on asset-backed securities.
[ Full Story ]- Treasury International Capital Data for November - US Treasury Department
- US Nov net long-term portfolio inflows slow to 68.4 bln usd (AFX News)
- Dollar holds gains as Nov US capital inflows rise (Reuters)
- Industrial Production grows 0.4% in December (FXstreet.com)
- US December industrial output up 0.4 pct, capacity utilization 81.8 pct (AFX News)
- Tony Juste, FX Advisor at FXstreet.com:
"US is still the most attractive country for foreign investors, who have bought securities in a good amount, dissipating any cloud on whether foreign financing could offset the black hole of the trade deficit. I tend to believe that this trend will not reverse in the near future, and I still foresee a triple digit buying in the months ahead." - FXstreet.com
U.S. PPI
| Period | Previous | Consensus | Actual |
| December (MoM) | 1.3% | 0.1% | 0.9% |
| December (YoY) | 1.8% | 2.1% | 1.1% |
US PPI rises in December on food and energy by FXstreet.com
Wholesale prices of products have increased larger than expected in December due to rising prices of food and energy, according to the latest report by the Labor Department. Prices of products at factory gates have risen 0.9% on the month after the 2.0% record rise of November. In October PPI increased 1.6%.
[ Full Story ]- Producer Price Index - U.S. Bureau of Labor Statistics
- US December PPI up 0.9 pct, core PPI up 0.2 pct (AFX News)
- Dollar gains, stocks and bonds fall on hot PPI (Reuters)
- Tony Juste, FX Advisor at FXstreet.com:
"PPI data gives a relief to the Fed as prices climbed much less than expected. However, still is a positive number and keeps the pressure on the overall inflation scenario. The Dollar got bought after the news although now is lower than levels before the actual news. I think that the market is trying to position itself, not knowing exactly where to go from here." - FXstreet.com