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Weekly Outlook: Three Reasons to Watch USDJPY


By ForexTime 

Since the beginning of May, the Japanese Yen is up against all G10 currencies. The USDJPY has fallen by over 1% in a single month.

But before we take a deep dive into what forces may boost or weaken the yen, let’s have a glance at the list of key economic reports and events that could influence currency markets next week:

Monday, May 15,

  • EUR: Eurozone industrial production
  • JPY: Japan PPI April
  • US: Empire Manufacturing and Atlanta Fed President Raphael Bostic’s speech
  • Huw Pill, chief economist at the Bank of England

Tuesday, 16 May

  • CAD: Canada April CPI
  • CNY: China retail sales, industrial production
  • Eurozone Q1 Gross Domestic Product, Germany ZEW Survey Expectations
  • GBP: UK jobless claims, unemployment
  • USD: US April retail sales, industrial production, Fed speech

Wednesday, May 17

  • EUR: Eurozone April CPI
  • JPY: Japan GDP Q1 Industrial production
  • GBP: BoE Governor Andrew Bailey speech

Thursday, 18th May  

  • Unemployment rate change
  • USD: Initial claims for joblessness and existing home sales

Friday, May 19,  

  • CAD: Canada March retail sales
  • Japan April CPI
  • EUR: ECB President Christine Lagarde speech
  • USD: New York Fed’s President John Williams address
  • G7 leaders gather in Hiroshima

Here are three reasons why.

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