USDJPY Fundamental Analysis – March 7th 2016

USDJPY Fundamental Analysis – March 7th 2016

Written by: PaxForex analytics dept - Monday, 07 March 2016 0 comments

Here are the key factors to keep in mind today for US Dollar trades:

  • US Labor Market Conditions Index Change: The US Labor Market Conditions Index Change for February is predicted at 1.0. Forex traders can compare this to the US Labor Market Conditions Index Change for January which was reported at 0.4.
  • US Consumer Credit: US Consumer Credit for January is predicted at $16.500B. Forex traders can compare this to US Consumer Credit for December which was reported at $21.267B.
  • US Fed Speakers: The US Fed’s Brainard will speak at the International Banking Conference. The US Fed’s Fischer will speak at the annual NABE Conference in Washington.

Here are the key factors to keep in mind today for Japanese Yen trades:

  • Japanese Official Reserve Assets: Japanese Official Reserve Assets for February were reported at $1,254.1B. Forex traders can compare this to Japanese Official Reserve Assets for January which were reported at $1,248.1B.
  • Japanese Leading Index and Coincident Index: The Japanese Leading Index is predicted 101.6.Forex traders can compare this to the Japanese Leading Index for January which was reported at 102.1. The Japanese Coincident Index is predicted 113.8.Forex traders can compare this to the Japanese Coincident Index for January which was reported at 110.9.

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.