USD/JPY traded in range and eventually ended the week lower, as worries about the global economy pushed traders to the safe haven yen. GDP and Tertiary Industry Activity are the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.
Last week, the Bank of Japan continued its nonintervention policy claiming things are picking up moderately but also warned about the European debt crisis and its effects on Japan’s economic recovery. Interest rates remained unchanged at between zero and 0.1%. Will the economy manage to strengthen further without the BOJ intervention?
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-august-13-17/"]USD/JPY Outlook August 13-17[/URL][/I][/B]
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