USDJPY is trading downwards on Tuesday and trying to regain some positions it lost yesterday.
The Japanese Yen is recovering against the USD on Tuesday. The current quote for the instrument is 113.07.
Yesterday, Japan reported on several indicators and these readings had significant impact on the Yen. Specifically, the final report on the country’s GDP in the third quarter 2018, which lost 0.6% q/q against the previous estimation of -0.5 q/q. The quarter before, the indicator lost -0.3% q/q. it means that the Japanese economy still hasn’t been able to adjust to external background, while the domestic demand is not enough to “reboot” the country’s manufacturing sector.
It’s quite interesting that the Economy Watchers Sentiment increased up to 51.0 points in November after being 49.5 points in the previous month.
The numbers published today were rather mixed. The preliminary report on the Machine Tool Orders turned out to be weak and showed that the indicator lost 16.8% y/y in November after decreasing by 0.7% y/y in October. However, the decline could have been much significant due to complicated situation with “trade wars” in the Asia region.
Investors’ demand for “safe haven” assets right now is quite average: they need them, but the situation is not too critical.
Orgin: RoboForex
