29 Jul 2013
Flash: Japan has a busy week ahead – BBH
FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy at BBH Global Currency Strategy Team noted and said “ Almost every day in the week ahead, Japan reports economic data”.
Key Quotes:
“Earlier today, Japan reported disappointing retail sales. The 0.2% decline in June contrasts with expectations for a 0.8% rise after a 1.5% gain in May. The April-June period still showed the strongest retail sales in two years”.
“The weekly MOF data may draw attention. After surprising most observers by persistently selling foreign bonds for most of this year, for the past three weeks, Japanese investors have become buyers. For their part, foreign investors continue to buy Japanese equities, but the enthusiasm (pace) appears to have diminished”.
Key Quotes:
“Earlier today, Japan reported disappointing retail sales. The 0.2% decline in June contrasts with expectations for a 0.8% rise after a 1.5% gain in May. The April-June period still showed the strongest retail sales in two years”.
“The weekly MOF data may draw attention. After surprising most observers by persistently selling foreign bonds for most of this year, for the past three weeks, Japanese investors have become buyers. For their part, foreign investors continue to buy Japanese equities, but the enthusiasm (pace) appears to have diminished”.