USD/JPY Forecast: Can Retail Sales Drive Yen Gains Amidst BoJ Speculation?
==========
On Thursday, June 27, retail sales figures from Japan will warrant investor attention amidst speculation about a July Bank of Japan (BoJ) rate hike. Economists forecast retail sales to fall by 0.5% in May after rising by 1.2% in April. A larger-than-expected decline in retail sales could reflect the effects of a weaker Yen on private consumption. BoJ Deputy Governor Ryozo Himino recently warned about the effects of a weaker Yen on the economy. Later in the session on Thursday, US jobless claims, durable goods orders, and finalized Q1 GDP numbers will garner investor attention. Economists expect initial jobless claims to fall from 238k to 236k in the week ending June 22. A larger-than-expected fall in jobless claims could reduce investor bets on a September Fed rate cut.
#Usd/jpy #RetailSales #BankOfJapan #Speculation #Economy #Yen #Investors #RateHike #JoblessClaims #DurableGoodsOrders #Gdp #FedRateCut
https://www.fxempire.com/forecasts/article/usd-jpy-forecast-can-retail-sales-drive-yen-gains-amidst-boj-speculation-1441341
FX Empire /
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2024-06-26 23:59:34
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wss://relay.damus.ioPublished at
2024-06-26 23:59:34Event JSON
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"content": "USD/JPY Forecast: Can Retail Sales Drive Yen Gains Amidst BoJ Speculation?\n==========\n\nOn Thursday, June 27, retail sales figures from Japan will warrant investor attention amidst speculation about a July Bank of Japan (BoJ) rate hike. Economists forecast retail sales to fall by 0.5% in May after rising by 1.2% in April. A larger-than-expected decline in retail sales could reflect the effects of a weaker Yen on private consumption. BoJ Deputy Governor Ryozo Himino recently warned about the effects of a weaker Yen on the economy. Later in the session on Thursday, US jobless claims, durable goods orders, and finalized Q1 GDP numbers will garner investor attention. Economists expect initial jobless claims to fall from 238k to 236k in the week ending June 22. A larger-than-expected fall in jobless claims could reduce investor bets on a September Fed rate cut.\n\n#Usd/jpy #RetailSales #BankOfJapan #Speculation #Economy #Yen #Investors #RateHike #JoblessClaims #DurableGoodsOrders #Gdp #FedRateCut\n\nhttps://www.fxempire.com/forecasts/article/usd-jpy-forecast-can-retail-sales-drive-yen-gains-amidst-boj-speculation-1441341",
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