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Flash: Japan to offer snapshots of economic data this week - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that Japan will offer many snapshots of the economic outlook this week.

They begin by commenting that at the start of the week, the cabinet will release its monthly economic report for May. On Wednesday, Japan reports April trade data while the BOJ makes its monetary policy statement after its meeting ends. They add that this will be followed by the BOJ’s monthly economic report for May on Thursday. Further, weekly MOF investment flows will also be reported on Thursday. They write, “The May 9 break above JPY100 was a key technical trigger for the dollar’s gains against the other foreign currencies. If USD/JPY continues its climb, we would expect the broad-based dollar rally to continue. After the break above 103 on Friday, the markets have their sights set on105 and then 110.”

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