USD / JPY
The Japanese yen opened with an increasing gap of 36 points during the trading week, while the corporate services price index rose by 0.9% YoY in April against the forecast of 0.5% YoY. But further fears of investors due to the political crisis in Italy unfolded the yen down against purchases against the dollar. Today, the Asian session has the same worries, the yen strengthened the decline by -33 points. Today's unemployment data in Japan for April showed a constant rate of 2.5%. The Japanese index Nikkei 225 loses 0.91%, Chinese China A50 -0.92%, and South Korean Kospi SEU -0.74%.
According to the United States, the S&P / Case-Shiller house price index in the 20 largest cities for March is forecasted to decline from 6.8% YoY to 6.5% YoY. The consumer confidence index from the Conference Board for May is expected to decrease from 128.7 to 128.2. Tomorrow, Japan's retail sales in April are projected to decline from 1.0% YoY to 0.9% YoY. We are expecting the yen in the range of 107.80-108.00.
* The presented market analysis is informative and does not constitute a guide to the transaction.
