OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex: USD/JPY holds above 93.50 after US inventories

The USD/JPY retraced its Asian losses (low at 92.83) during the European shift, peaking at 93.78 high. The pair has retrieved to just above the opening price of 93.47.

In December, Business Inventories in the US have risen +0.1%, coming below the expected rise of 0.3%. November data was revised lower, from +0.3% to +0.2%.

US import prices rose +0.6% (consensus of +0.7%) and import prices rose +0.3% (as expected) in January (MoM). US retail sales excluding autos rose +0.2% (consensus of +0.1%), while the headline index rose +0.1% as expected in January (MoM).

“The USD/JPY currency pair is trying to start another descending wave for its maximums. The structure of this wave implies no corrections in the nearest future”, wrote Roboforex.com analyst Igor Sayadov, expecting a new ascending movement to reach a new maximum at the level of 94.90.

US: Business Inventories rose +0.1% in December

In December, Business Inventories in the US have risen +0.1%, coming below the expected rise of 0.3%. November data was revised lower, from +0.3% to +0.2%.
Leia mais Previous

Forex: EUR/USD ignores US inventories, trading quietly

After peaking at 1.3520 and retracing to 1.3465 after US data publications, the EUR/USD is holding strong above 1.3575 (yesterday's high), trading at 1.3480 (+0.20% on the day).
Leia mais Next
Começar chat ao vivo