Dollar Press Yen, U.S. Housing Sector Expected Improvement
www.fxbom.com
07:35 PM
Recent data releases indicator S & P / CS Composite-20 HPI y / y which will be released by Standard & Poor’s are expected to show a signal of good growth in the United States economy.
Early response to the release of its impact to the trade data pair USD/JPY this evening (29-06), which was observed to weaken the Japanese Yen. The forex market responded by pressing the pair USD/JPY so in the range of 88.79.
Data indicator of S & P / CS Composite-20 HPI y / y is expected to improve to 3.5% from the previous value of 2.3%.
Fxbom.com analysts argue that the Japanese yen still has the potential to weaken further, especially ahead of actual release data.
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