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Estimated Trends: Down Trends
Range: 105.70 ~ 107.25
On the Tokyo market, USD / JPY fell to 106.84, lower than last year's USD / JPY of 107.32. At New York time, there was an announcement of January's CPI index that exceeded expectations and resulted in USD / JPY rising again to 107.53. However, the rise did not last long as the USD / JPY rate rebounded back to the 106.73 level. The USD / JPY decline this time does not happen directly drastically, but there is a steady and gradual decline which is likely that USD / JPY will be more difficult to reverse back.
Transaction: SELL
Market will be more active in these hours:
A. 15:30 US Initial Jobless Claims
B. 16:15 US Industrial Production
C. 17:00 US NAHB Housing Market Index
D. Price is low in 2017
Range: 105.70 ~ 107.25
On the Tokyo market, USD / JPY fell to 106.84, lower than last year's USD / JPY of 107.32. At New York time, there was an announcement of January's CPI index that exceeded expectations and resulted in USD / JPY rising again to 107.53. However, the rise did not last long as the USD / JPY rate rebounded back to the 106.73 level. The USD / JPY decline this time does not happen directly drastically, but there is a steady and gradual decline which is likely that USD / JPY will be more difficult to reverse back.
Transaction: SELL
Market will be more active in these hours:
A. 15:30 US Initial Jobless Claims
B. 16:15 US Industrial Production
C. 17:00 US NAHB Housing Market Index
D. Price is low in 2017
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