It was another quiet week for USD/JPY, as the pair finished the week almost unchanged, at 122.71. The upcoming week has eight events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
It was another good week for US jobs data, as Unemployment Claims dropped sharply to 260 thousand. Housing and consumer data missed expectations, but the overall health of the economy is good, meaning that the Fed will likely raise rates next week. In Japan, Household Spending was down sharply and inflation indicators remained very weak.
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