USDJPY News Trading

The United States Dollar against the Japanese Yen ($/¥) –Nickname ‘The Yen’

CENTRAL BANK	FED	BoJ
FOREIGN CURRENCY RESERVES	41.901 Million USD	1.199.000 Million USD

USDJPY counts about 17% of the total volume activity in the Foreign Exchange market. It is a very dynamic pair with straightforward moves. The role of the BoJ is decisive as concerns the USDJPY exchange rate given the extreme BoJ foreign currency reserves which count 1.2 trillion USD. The BoJ has a history of significant interventions in the JPY currency market.

 

USDJPY Key Concepts

◙ Japan has one of the highest Trade Surplus against the US.

◙ Japan has one of the highest Investment & Savings Rates in the world.

◙ The Japanese Economy has one of the highest Public Debt to GDP ratios worldwide (225%). But this is internal debt and not external debt. The US public debt counts for about 103% of the GDP.

◙ The Japanese Yen offers one of the lowest interest rates worldwide and that is why it is used traditionally as a borrowing currency (along with CHF).

◙ There is a historic linkage between USDJPY and the US stock-markets, as stock traders tend to borrow Yen to buy US stocks.

 

USD Important Economic Releases

(1) Interest rate decisions » FED releases

(2) GDP releases

The GDP figures are released by the Bureau of Economic Analysis on the last day of each quarter at 8:30 AM EST.

(3) Non-Farm Payrolls

It is released by the » US Bureau of Labor Stats on the first Friday after the conclusion of the month of reference at 8:30 AM EST.

(4) National CPI

(5) Retail Sales

Retail sales are released by the » Census Bureau and the » Department of Commerce on a monthly basis (previous month). The figure is released about the 13th of each calendar month at 8:30 AM EST.

(6) Trade Balance / Current Account

The Trade Balance is released by the » Bureau of Economic Analysis -BEA every 2 months. The date is 6 weeks after the end of the month of reference at 8:30 AM EST.

(7) Industrial Production

The Federal Reserve Board announces the US industrial production around the 16th of each calendar month at 9:15 AM EST

(8) New Houses

» US Calendar Outlook

 

JPY Important Economic Releases

(1) Interest rate decisions » Bank of Japan

(2) Japanese GDP release

(3) Japan’s National CPI

(4) Tokyo Core CPI (released 1 month prior to National CPI)

(5) Trade Balance

(6) Current Account

(7) Industrial Production

» Japan’s Calendar Outlook | » Economic Stats

 

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