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Look Forward To Yellen, USDJPY Not Many Moves



Forex News Trading - USDJPY not much moving on Thursday yesterday, and probably the same thing also happened in the Asian session today (26/8/2016). More market participants await a speech chairwomen of the Federal Reserve, Janet Yellen, in global central bank annual meeting in Jackson Hole, Wyoming, today.

The market participants expect Yellen gave a clear signal will be the rate of increase in the annual meetings tribals have started since Thursday, and some Federal Reserve officials support the increase of interest rates again seeing an increase in the condition of the labor market and inflation.

Based on proprietary CME Group FedWatch devices, markets now predict the probability of a rise in interest rates in September amounted to 24% and around 50% in December.

Good us economic data had not even responded. The weekly unemployment benefit claims dropped to 261,000 on last week from the previous week's 262,000. Core durable goods orders sped up 1.5% in July, from previously-0.4%, and well above the forecast of 0.4%. While today will be reported the U.S. gross domestic product data for the second quarter.

USDJPY traded at 100.56 67.00 dikisaran GMT.


This post first appeared on Forex Today, please read the originial post: here

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Look Forward To Yellen, USDJPY Not Many Moves

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