USD/JPY, GBP/USD Traders Bracing for Volatile Reactions to Reports
Posted: Mon May 16, 2016 6:58 am
This guest article was written by James Hyerczyk, financial analyst at FX Empire.
WEEKLY USD/JPY
Volatility could be in play this week for the USD/JPY with the release of Japan’s first quarter gross domestic product data on May 18. Traders expect Japan’s GDP to show the economy expanded a scant, annualized rate of 0.1 percent in January-March, after a 0.3% percent contraction in October-December.
There are likely to be some market swings if the results were to come in much weaker than expected. If the GDP number is weak, Japanese equities will probably fall initially and bolster safe haven ... (read more)