USD/JPY pushed above the 120 line, but then retracted and closed the week almost unchanged. The pair closed at 118.96. The upcoming week has nine events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
In the US, there was good news to start off the week as existing home sales beat expectations. However, New Home Sales failed to keep pace and Durable Goods Orders were a mixed bag. In Japan, it was an uneventful week with no major events.
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