Forex: USD/JPY – 8-day high at 100.85

on Jul 19, 2013
Listen Friday July 19th:_ The greenback firmed against the yen in Asian trading today, with the pair rising to an eight-day high at 100.85. Ahead of the European opening though, the yen fought back and the USD/JPY descended 106 pips to an intraday low so far at 99.75. Currently the quote is slightly bullish, trading around 100.28.

Japan’s Foreign Bond Investment data for the week ended July 12 was released at 00:50 BST today, showing that the country’s residents bought a net ¥1.1 trillion’s ($11 billion) worth of foreign bonds last week with total holdings now amounting to ¥5.6 trillion, the highest level since 2005.
Foreign investment in Japan stocks, also for the week ended July 12, came out as ¥398.2 billion, substantially down on the ¥485.3 billion in the prior week.

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Also released earlier today was the Japanese Leading Economic Index data for May, showing a rise to 110.7 (revised up from 110.5) from 107.7 in April.
And Japan’s All-Industries Activity Index for May m/m, released at 05:30 BST, registered a seasonally adjusted 1.1 percent rise, from 0.1 percent in the prior month (revised down from 0.4 percent) but below forecasts for a 1.3 percent rise.


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