Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of July 15 - 19:
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:
Japan’s Core Inflation Rate (excluding fresh food prices) accelerated to 2.5% year on year in May. According to Trading Central's "Economic Insight", Japan’s Core Inflation Rate for June, to be reported on Friday (July 19), may retreat to 2.4% year on year.
USD/JPY has just recently chalked up a 38-year high of 161.95. But it pulled back to levels below 160.00 on Thursday (July 11) when U.S. inflation data came in softer-than-expected.
In case Japan’s inflation is reported as stronger than expected, the yen should gain further strength, putting extra pressure onto USD/JPY.
In the past 12 Japan Inflation reports, within one hour from the event, USD/JPY rose in 50% of times (6 out of 12 reports), marking a trading range of 17.06 pips on average.
(GMT+02:00 Central European Time)
Happy Trading!
Source: Trading Central Economic Insight
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