Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of January 20-24:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which major economies to focus on:
The Japanese yen has recently strengthened from almost 159.00 against the dollar to around 155.00, as investors are expecting the Bank of Japan (BOJ) to raise interest rates next week.
Earlier, BOJ Governor Kazuo Ueda and his deputy said that the central bank will debate whether to raise interest rates in the coming policy meeting next Friday (January 24).
According to Trading Central's "Economic Insight", the Bank of Japan will raise its Key Interest Rate by 25 basis points to 0.50%.
On the same day (January 24), Japan will report major inflation data.
Meanwhile, investors are also focusing on U.S. President-Elect Donald Trump’s inaugural address to be given next Monday (January 20).
Also, it is the U.S. Federal Reserve’s turn to decide on interest rates on January 29.
In the past 8 BOJ Interest-Rate Decisions, within one hour from the event, USD/JPY rose in 63% of times (5 out of 8 events), marking a trading range of 130.43 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
