17
Aug
USD/JPY Daily Market Briefing
Economic Calendar
| Time | Currency | Impact | Description | Previous | Forecast | Actual |
| 6:50am | JPY | Low | Trade Balance | 0.09T | 0.20T | 0.34T |
| 7:30pm | USD | High | Unemployment Claims | 244K | 240K | |
| USD | Medium | Philly Fed Manufacturing Index | 19.5 | 18.3 | ||
| 8:15pm | USD | Medium | Capacity Utilization Rate | 76.6% | 76.7% | |
| USD | Medium | Industrial Production m/m | 0.3% | 0.4% |
News
Topic: Dollar falls after Fed minutes show inflation worries
- Fed policymakers held wide-ranging debates over inflation outlook, stock prices and financial stability – July 25-26 FOMC minutes.
- Fed’s Mester: US rate hikes should continue despite weak inflation.
- Some members said further rate hikes should wait until there were signs inflation would rise to Fed’s 2% target.
- US economy seen growing 3.8% in Q3 vs 3.7% estimate Aug 15 – Atlanta Fed.
- USD/JPY changed hands at 110.087, down 0.10%.
REFERENCE: http://www.econotimes.com/Americas-Roundup-Dollar-falls-after-Fed-minutes-show-inflation-worriesWall-Street-upGold-firmsOil-slides-despite-steep-draw-in-US-crude-stocks-August-17th-2017-857055
Technical Chart-H4
Support & Resistant
| Resistant | Pivot | Support |
| R1: 110.746 |
110.380 |
S1: 109.828 |
| R2: 111.298 | S2: 109.462 | |
| R3: 111.664 | S3: 108.910 |
