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USD/JPY consolidation and recent data - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the USD/JPY gapped lower at the weekly opening, falling down to 120.09 before bouncing up to 120.62 ahead of the US opening.

    "Japan released its retail sales data for November that fell by 2.5% compared to a month before, and by 1.0% compared to a year earlier. Also, preliminary Industrial Production in the country and for the same month show an improvement yearly basis, up to 1.6%, although the monthly reading came out negative, the first fall in three months."
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