USD/JPY lost about 90 points last week, as the pair closed at 120.40. The upcoming week has just two events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
In the US, Final GDP for the third quarter posted a gain of 2%, very close to the estimate. Housing numbers disappointed, and durable goods were weak, but within expectations. In Japan, inflation remained weak and household spending produced another decline, its fifth decline and six readings.
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