Japanese economic data

Boxing Day

December 26, 2017

The extended Christmas holiday left many markets closed, including Britain, many Continental European centers, Canada, Australia, New Zealand and South Africa. Commodity prices, both oil and precious metals, are higher. Released Japanese data showed An unexpected further drop in the jobless rate to 2.7% along with a 1.2% on-year advance in unemployment. A 0.1% uptick […] More

Flood of Data on Final Business Day of April

April 28, 2017

The dollar is mixed, with declines of 0.6% against the euro, 0.3% relative to the peso and Swiss franc and 0.2% vis-a-vis sterling but gains of 0.3% versus the yen, 0.2% against the kiwi and 0.1% relative to the loonie. The Aussie dollar and Chinese yuan are unchanged. Stocks are generally lower. The German bund […] More

Data Deluge, Press Report Denials, and Quarter-End

June 28, 2013

Lots of data were released on this final working day of the second quarter. Japanese figures show stronger inflation and activity. German retail sales also beats expectations.  German CPI inflation accelerated. Being the final trading day of the quarter, position-squaring could impact market action today. An unidentified ECB official called German press reports erroneous that […] More

Good Friday 2013

March 29, 2013

Today saw an abundance of released Japanese data but also numerous market closures. The yen ticked 0.1% higher, and Japan’s Nikkei closed up 0.5%.  The 10-year JGB yield is four basis points higher at 0.55%.  Chinese stocks fell 0.2%. Good Friday market closures affect the United States, Canada, Australia, New Zealand, Germany, Britain, France, Italy, […] More

Lots of Japanese Data and Disappointing Retail PMI Scores

December 28, 2012

The dollar extended its 28-month high against the yen to 86.65.  The greenback shows net overnight gains of 0.4% against the euro and Swissie and of 0.1% relative to the yen, kiwi, and sterling.  The loonie and Aussie dollar are steady.  The yuan is 0.2 higher. Stocks climbed in the Pacific Rim but are lower […] More

Big EU Meeting as First Quarter Ends

March 30, 2012

The dollar is softer at the New York opening on this final day of the calendar quarter with drops of 0.5% against the kiwi, 0.4% versus the yen and Swissie, 0.3% relative to the euro and sterling, 0.2% against the yuan and 0.1% against the Australian dollar. Stocks performed better than earlier this week.  Equities […] More

Uneasiness about Europe Returns

October 11, 2011

The dollar is stronger, and stocks are lower in European trading.  All eyes are on the Slovakian parliament where a vote to ratify the agreement to enlarge the EFSF could be rejected.  ECB President Trichet meanwhile warned of mounting systemic risk related to the unresolved European sovereign debt crisis. The dollar has strengthened 0.8% against […] More

Fire and Rain: Data Deluge and Debt Frustration

July 29, 2011

Still lacking enough votes to pass, the U.S. House of Representatives postponed Thursday’s debt ceiling vote. Moody’s placed Spain’s Aa2 sovereign debt rating on review for a possible downgrade. The dollar is higher, not lower, on generalized risk aversion.  It has advanced 0.7% against the euro, 0.6% versus the Aussie dollar, and 0.5% against the […] More

More Downward Pressure on the Euro on a Day With Lots of Data

November 30, 2010

EUR/USD dipped briefly under $1.3000 for the first time since September 16 and shows a net additional overnight loss of 0.6%.  In contrast to its gain against the euro, the dollar fell 0.5% versus the yen.  Otherwise, the dollar shows gains of 0.2% against sterling and 0.1% relative to the Canadian and Australian dollars but […] More