Japanese Yen Outlook for the Current Week

Events having significance affect over the trading of Japanese Yen against the US dollar are as follows:-

Yesterday markets remained closed in United States due to President’s Day holiday. Today Japan reported its difference between imported and exported goods over the month in its trade balance report.

In United States official data on consumer confidence, industry report on house prices and report on manufacturing activity in Richmond is to be published.

On Wednesday United States will report its official data on homes sales which considered as one of the leading economic indicator for US economic health.

On Thursday February 24th, 2011 official data on consumer price inflation will reported by Japanese government. In United States several key economic reports will be released which include data on jobless claims, report on new homes sales and data on durable goods orders.

On February 25th, 2011 initial report on gross domestic product will be reported for the fourth quarter. Revised data on consumer sentiment and inflation expectations will also be released by University of Michigan on Friday.

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Daily forex trading news written by Rehan from DailyForexTrade.com