Japanese Yen Little Changed After Traders Ignore PPI Report

By DailyFx | August 11, 2014 AAA

DailyFX.com -

Talking Points:

  • Japan Reports Domestic PPI M/M for July at 0.3% vs. 0.4% Expected; 0.2% Prior Month
  • Japanese Yen Little Changed As Traders Wait for GDP Figures Expected Tomorrow
  • Stay Updated With Major Economic Releases by Checking Out Our Economic Calendar!

The Japanese Yen remained little changed against major counterparts as the island nation reported its Domestic Producer Price Index in late hours of August 11, 2014 in London. The PPI rose by 0.3 percent month-on-month in June against expectations of 0.4 percent and a prior month figure of 0.2 percent. On a year-on-year basis, the figure printed at 4.3 percent, also slightly below expectations of 4.4 percent. Earlier in June, the same figure was reported at 4.6 percent, the highest since September 2008.

The Japanese Yen remained relatively unchanged likely because the data was close to market expectations and traders ignored the release, focusing their attentions on the GDP data release tomorrow. Senior Currency Strategist David Rodriguez discusses the GDP report further in his weekly forecast for the Japanese Yen.

Japanese Yen Little Changed After Traders Ignore PPI Report

USDJPY [15 mins – 08/12/2014] Chart created using FXCM Marketscope.

comments powered by Disqus
Related Forex Analysis
  1. GBP/JPY Technical Analysis: Pound Jumps to 2-Week High
    Forex News

    GBP/JPY Technical Analysis: Pound Jumps to 2-Week High

  2. EUR/JPY Technical Analysis: Passing on Long Trade Setup
    Forex News

    EUR/JPY Technical Analysis: Passing on Long Trade Setup

  3. GBPJPY Long Scalps at Risk Ahead of UK GDP- 174 in View
    Forex News

    GBPJPY Long Scalps at Risk Ahead of UK GDP- 174 in View

  4. US Dollar Looks like an Attractive Buy versus Euro, Sterling, Yen
    Forex News

    US Dollar Looks like an Attractive Buy versus Euro, Sterling, Yen

  5. EUR/USD Pivots at Last Week’s Low - Surprise PMIs End EZ Data Drought
    Forex News

    EUR/USD Pivots at Last Week’s Low - Surprise PMIs End EZ Data Drought

Trading Center