The Japanese Yen remained strong in the last week versus the US dollar as the pair USD/JPY reached 82.4 on Friday. The pair USD/JPY declined 0.43 percent in the last week to close at 82.85 on last Friday’s trading session.
The major events that can affect trading of the pair USD/JPY significantly in the current week are as follows:-
Markets remained closed on January 17th, 2011 in United States in remembrance of Martin Luther King Day whereas official data on household confidence was released in Japan.
On Tuesday January 18th Japan will report its official data on tertiary industry activity while United States will announce its official report on manufacturing activity and balance of domestic and foreign investment.
On Wednesday, January 19th, 2011 official data on building permits is to be published in United States which is the key measure of construction activity in the country.
On Thursday January 20th, 2011 key data of jobless claims which is regarded as one of the most import US economic indicators will be announced. Moreover United States will also report the figures of its existing home sales and Philadelphia’s manufacturing activity.
On Friday January 21st Japan will publish its leading indicator which data on all industries activity.
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Daily forex trading news written by Rehan from DailyForexTrade.com
