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Current Session: Europe
USD/JPY
Daily Market Commentary - Dollar/yen surged further on Monday following weak Japanese data by Global Forex Trading Ltd.
Dollar/yen climbed to a new high for its uptrend following weak local data, which casts doubt over a BoJ rate hike next month. Retail sales contracted 0.2 percent in December and 0.3 percent on a yearly basis, the biggest decrease in eight months. It should now slip on profit taking.
- 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:
Daily Forex Outlook - U.S. Dollar Trading experienced a mixed day against all other major currencies by Easy Forex
Daily Forex Strategy Briefing - Waiting for Fed by CMS Forex
Daily FX Forecast - Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Trades above 1.2950
1/30/2007 6:10:57 AM - GBP/USD
- Trades above 1.9600
1/30/2007 6:20:33 AM - USD/CHF
- Moves up above 1.2525
1/30/2007 6:27:32 AM - USD/JPY
- Trades above 121.75
1/30/2007 6:34:07 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany CPI
| Period | Previous | Consensus | Time |
| January (MoM) | 0.8% | 0.2% | Jan 30, along the evening |
| January (YoY) | 1.4% | 2.0% | Jan 30, along the evening |
Friday Notes - Moderate inflation trend by HVB Group
Price increases related to the VAT hike should have put clear pressure on consumer prices. As a result, the uncertainty in January is very high. Because of the usual, strong seasonal decline in prices for package holidays and the further pullback in energy prices, we expect prices to be almost unchanged overall m-o-m.
[ Full Story ]Economic Release Alert - German Consumer Price Index (JAN P) by FXCM
Top Market Movers Review
Japan Industrial Production
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.8% | 0.4% | 0.7% |
| December (YoY) | 4.9% | 4.3% | 4.6% |
Japan Dec industrial output up for 3rd straight mth, beats forecast by AFX News
Industrial output rose for the third straight month in December as automobile and general machinery makers boosted production, preliminary data from the Ministry of Economy, Trade and Industry (METI) showed. Production at the nation's factories and mines rose a seasonally adjusted 0.7 pct in December from the previous month, bringing the industrial output index to 109.5, the highest on record.
[ Full Story ]- Preliminary Report on Indices of Industrial Production - METI
- Japan jobless rate up 4.1 pct in Dec, worse than market estimate (AFX News)
- Japan Dec auto production up 7.9 pct year-on-year (AFX News)
- Japan Dec household spending falls 1.9 pct yr-on-yr, bigger than forecast (AFX News)
- Naomi Hasegawa, senior strategist at Mitsubishi UFJ Securities:
"Overall, the (Japanese) economic picture has not changed much since December, when the BOJ seems to have started thinking about a rate hike." - Reuters
- Taro Saito, senior economist at NLI Research Institute:
"That production rose for three months in a row shows that the (Japanese) economy is on a solid footing." - The Associated Press