USD/JPY (99.57) â€“ Weekly Forecast
Weekly forecast levels: 95.75/102.10
Trend for the week â€“ Neutral
Market Focus: Trade Balance, CSPI, Overall Household Spending, Unemployment Rate, Core Tokyo CPI, Core CPI, Retail Sales, Large Retailers' Sales.
Weekly Strategy: The yen remain too strong in spite the dollar recovery by the last week. If the dollar continues to gain cause by positive fundamental news the yen trading will back above 101.00 levels. But if the US economic data is negative the dollar will lose fast to the record levels of 95.75. There are important fundamental Japan data in the coming week. The expecting Japan data is mix and in combination with the US fundamental data the trading in the week remain unpredictable.