U.S. Session Recap
- CA retail sales at 1.0% vs. 0.3% expected, core figure at 0.2% vs. 0.0% expected
- CA CPI at -0.2% vs. 0.2% expected, core figure at 0.2% vs. 0.0% expected
- U.S. JOLTS job openings at 3913K vs. 3840K expected
USD/JPY was the star of the show last Friday when it sustained its break above 101.00. The pair’s uptrend was not only supported by the rise in U.S. equities, but also by FOMC members Lockhart and George who stated that tapering should be discussed in December. Not surprisingly, other major yen crosses like EUR/JPY and GBP/JPY also saw some gains.
Though we saw ridiculous gains in USD/JPY, it wasn’t all good vibes for the Greenback. Thanks to a lack of major reports, EUR/USD and GBP/USD also ended the day in the green. Meanwhile, the comdolls stayed firmly in Loserville as AUD, CAD, and NZD continued to lose out against the Greenback.
We don’t have any major news report scheduled for today’s Asian session, so you might want to pay attention to the Asian markets in general and see if it has any impact on Asian and comdoll currencies like JPY, AUD, and NZD.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!