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The Week Ahead: USDJPY Week Ahead: Why to watch it?


By ForexTime 

Since May 1, the Japanese Yen appreciated against all G10 currencies, and the USDJPY fell over 1% per month.

But before we take a deep dive into what forces may boost or weaken the yen, let’s have a glance at the list of key economic reports and events that could influence currency markets next week:

Monday, 15 May

  • EUR: Eurozone industrial production
  • JPY: Japan PPI April
  • US: Empire Manufacturing and Atlanta Fed President Raphael Bostic’s speech
  • Huw Pill, chief economist at the Bank of England

Tuesday, 16 May

  • CAD: Canada April CPI
  • CNY: China retail sales, industrial production
  • Eurozone Q1 GDP and Germany ZEW survey Expectations
  • GBP: UK jobless claims, unemployment
  • USD: US April retail sales, industrial production, Fed speech

Wednesday, May 17

  • EUR: Eurozone April CPI
  • JPY : Japan Q1 GDP Industrial production
  • GBP: BoE Governor Andrew Bailey speech

Thursday, May 18,  

  • Unemployment Change
  • Initial Jobless Claims and Existing Home Sales

Friday, May 19,  

  • CAD: Canada March retail sales
  • Japan April CPI
  • EUR: ECB President Christine Lagarde speech
  • USD: New York Fed president John Williams’ speech
  • G7 Leaders Meet in Hiroshima

Here are 3 reasons to why.

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