The USDJPY for the week ahead
For the week ahead we have two scenarios (1) and (2). And it all stands according to the news of the U.S., first we have the final GDP growth rate QoQ estimated to be 2% (previous 3.1%) and PCE prices QoQ estimated to be 2.3% (previous 0.4%). These two events that will be announced on Thursday September 26, will have a big impact on the USD. A lower GDP and/or PCE than estimated will weaken the USD till support (II) not more, because Japan economy is far weaker than the US economy and scenario (1) will happen. Other wise scenario (2) will happen.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.