23 Dec 2014
USD/JPY climate subject to snowy-storms
FXStreet (Guatemala) - USD/JPY is trading at 120.14, up 0.06% on the day, having posted a daily high at 120.20 and low at 119.96.
USD/JPY remains “as is”, and is setting the theme for the rest of Asia until we come on-line again with the market in Europe and the US.
The US is likely to give us something to deal with in respect of observation in the final data releases for this year that are noteworthy. However, as analysts at Brown Brothers Harriman noted, it’s a busy week for Japanese economic reports as well. “ Two key takeaways are likely. First, the data is likely to show a little improvement in the real economy after a poor start to Q4. Second, the weakness of the yen is unlikely to have filtered into higher consumer prices yet. The core CPI, when adjusted for the sales tax hike, will slip further below 1%. If the BOJ cannot find some way to adjust its views to look past the drop in oil prices, then the market will expect it to do more as the inflation target becomes more elusive”.
USD/JPY remains “as is”, and is setting the theme for the rest of Asia until we come on-line again with the market in Europe and the US.
The US is likely to give us something to deal with in respect of observation in the final data releases for this year that are noteworthy. However, as analysts at Brown Brothers Harriman noted, it’s a busy week for Japanese economic reports as well. “ Two key takeaways are likely. First, the data is likely to show a little improvement in the real economy after a poor start to Q4. Second, the weakness of the yen is unlikely to have filtered into higher consumer prices yet. The core CPI, when adjusted for the sales tax hike, will slip further below 1%. If the BOJ cannot find some way to adjust its views to look past the drop in oil prices, then the market will expect it to do more as the inflation target becomes more elusive”.