Foreign Buying of Japanese Bonds for the period ending August 7th was reported at -¥1,103.6B, and Foreigners Buying of Japanese Stocks was reported at ¥104.9B. Forex traders can compare this to Foreign Buying of Japanese Bonds for the period ending July 31st, reported at ¥225.6B, and Foreigners Buying of Japanese Stocks, reported at ¥3.2B.
The US Import Price Index for July is predicted to increase 0.6% monthly, and the US Export Price Index is predicted to increase 0.8% monthly. Forex traders can compare this to the US Import Price Index for June, which increased 1.0% monthly, and the US Export Price Index, which increased 1.2% monthly. Preliminary US Michigan Consumer Sentiment for August is predicted at 85.0. Forex traders can compare this to US Michigan Consumer Confidence for July, reported at 79.0.
The forecast for the USD/JPY remains bearish, with inflationary pressures elevated and likely to increase amid supply chain disruptions related to the Delta variant of the Covid-19 pandemic.
Will bears awaken and force the USD/JPY into its horizontal support area?
The US Import Price Index for July is predicted to increase 0.6% monthly, and the US Export Price Index is predicted to increase 0.8% monthly. Forex traders can compare this to the US Import Price Index for June, which increased 1.0% monthly, and the US Export Price Index, which increased 1.2% monthly. Preliminary US Michigan Consumer Sentiment for August is predicted at 85.0. Forex traders can compare this to US Michigan Consumer Confidence for July, reported at 79.0.
The forecast for the USD/JPY remains bearish, with inflationary pressures elevated and likely to increase amid supply chain disruptions related to the Delta variant of the Covid-19 pandemic.
Will bears awaken and force the USD/JPY into its horizontal support area?
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🟪 Instagram: instagram.com/forexn1_com/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.