Current Week’s Outlook for USD/JPY

The list of major events that could affect the trading of the pair USD/JPY is as follows:-

Today Japan reported its preliminary data on Industrial production whereas US is expected to publish its official report on personal consumption expenditure and Chicago PMI.

On Tuesday February 1st, 2011 Japan will report its official data on average cash earnings. Data on manufacturing growth will be published in US by Institute of Supply Management.

On February 2nd, 2011 payroll processing company ADP will publish private sector employment data in United States. Moreover official data on US crude oil inventories will also be released on Wednesday.

On Thursday February 3rd, 2011 key report on Jobless claims, productivity, factory orders and labor costs will be released in United States while ISM will also report its non manufacturing PMI.

On Friday February 4th, 2011 key data of US economic health of non-farm payrolls, unemployment rate and average hourly earnings will be reported.

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Daily forex trading news written by Rehan from DailyForexTrade.com