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TC Economic Insight - The Week Ahead (July 1 - 5)
The Japanese yen has just chalked a 38-year low against the U.S. dollar, with the USD/JPY advancing to levels above the level of 161.00. Forex traders are watching closely if the Bank of Japan (BOJ) could raise interest rates further based on a stronger economy. The quarterly BOJ Tankan Indexes are good economic indicators.
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TC Economic Insight - The Week Ahead (July 1 - 5)
Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of July 1 - 5:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which major economies to focus on:
Amid a persistent interest-rate differential between the U.S. (5.50%) and Japan (0.10%), the Japanese yen has just chalked a 38-year low against the U.S. dollar, with the USD/JPY advancing to levels above the level of 161.00.
Forex traders are watching closely if the Bank of Japan (BOJ) could raise interest rates further based on a stronger economy. The quarterly BOJ Tankan Indexes are good economic indicators.
According to Multi-Stock Trading LLC's "Economic Insight", the BOJ Tankan Large Manufacturers Index, to be reported on Wednesday (July 3), may ease to 10 in the second quarter.
In the past 4 releases of Bank of Japan Tankan Large Manufacturers Index, within one hour from the event, USD/JPY rose in 75% of times (3 out of 4 releases), and marked a trading range of 20.68 pips on average.
Key Economic Data Forecasts:
(GMT+02:00 Central European Time)
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight