Tuesday 9, September 2014
Intraday Support & Resistance Levels
Technical Indicator Signals
Currency Pair Spotlight
USDJPY: The Japan Q2 GDP contracted 7.1, more serious than expected 6.8%. Also, the individual consumption fell 19% year on year, showing the impacts of consumption tax hike are worse than forecast. Despite the Abeconomics has pushed up the inflation rate in Japan, but the exports data still weak and the higher living costs caused by currency depreciation pared the household consumption. Therefore, the further easing seems to be inevitable and Dollar/Yen may head to level 110.65, the high of August 2008.
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Today’s Key Economic Calendar Events
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