Will the price go up or down after the news? Choose a news item and predict where the exchange rate for the respective currency pair will be in 10 minutes in comparison with a level prior to the release. Please explain your prediction (optional). For more info, consult the rules
Collect your prize
The more accurate and prompt your predictions are, the better your chances. We distribute $ 2 750 among 10 winners weekly!
Previous value for Japanese LEI was 106.3 and forecast is 106.3. So everybody wait that this index will be stable. Preliminarily release show some improvement for this index. I think this readings will be slightly better than forecast. This is minor impact event, so no volatility expected, and in the end I think will be bearish impact for USD/JPY.
Looking at the Japanese economy as a whole we have good economic indicators being presented in the first half of this year and so I believe we will be at 106.5 and above the forecast. Bears want stronger yen.
Japanese Leading Economic index .This report will be released by Japanese Cabinet Office.The Leading Indicators Index is a composite index based on 12 economic indicators that is designed to predict the future direction of the economy.Previous data was 106.3% and expected data will remain same .USD/JPY will go downside because USD is running weaker for the last 12 hours.
USD/JPY. The number of new jobs excluding agriculture in July increased by 209K, which was better than the forecast of 183K, the average hourly wage in annual terms increased by 2.5% with expectations of 2.4%, and the unemployment rate was 4.3%. I expect the growth of the currency pair on the release of this news.
Leading Economic Index, Japan (Aug)
Индекс опережающих индикаторов состоит из 12 макроэкономических показателей, которые измеряют экономическое благополучие в Японии. . Предварительные данные уже были опубликованы 7 августа, которые показали рост с 104,6 до 106,3. Думаю, что финальные данные окажутся такими же, поэтому сильно не повлияют на USDJPY Отдаю голос за рост из-за перепроданности пары.