USD/JPY showed little change at the end of the week closing at 123.82. This week has six events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
In the US, the Federal Reserve remained cautious but did acknowledge improvement in the US economy. Advance GDP rebounded with a gain of 2.6% in Q2, but this fell short of the estimate. Over in Japan, Retail Sales slipped and inflation levels remained very low.
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