U.S. dollar stable versus the yen

U.S. dollar stable vs. the yen

Weekly synopsis

The U.S. dollar stabilized versus its counterparts and the Japanese yen last Friday, after Shinzo Abe and Donald Trump's discussion on a stronger trade relationship.

U.S dollar and yen trade at 113.19

The USD/JPY pair traded at 113.19. The U.S. dollar index reached the 100.71 zone, the EUR/USD approached the 1.0640 level, dropping 0.18%, and the GBP/USD to 1.2490, stable. The USD/CAD traded at 1.3084, 0.46% lower.

The Canadian economy, for the month of January, introduced 48,300 jobs, as per the nation's official data.

The U.S. consumer sentiment remained strong, following Donald Trump's win. The University of Michigan said that its index of consumer sentiment declined from 98.5 to 95.7.

Weekly major events

On Monday, Japan will be releasing its economic growth data for the fourth quarter.

On Tuesday, the U.K is to release its consumer price inflation figures, the U.S. its producer price inflation, Germany and the euro zone their economic sentiment and fourth quarter growth estimate, and China its producer and consumer price inflation. Robert Kaplan, Dallas Fed President, will be giving a speech in Houston, and Janet Yellen, Fed Chair, is to testify on the latest monetary policy report.

On Wednesday, the U.S. will be publishing its manufacturing activity, retail sales, industrial production and inflation data for New York, the U.K its employment report, and Yellen will once again be testifying on the latest monetary policy report.

On Thursday, the ECB is to publish its latest meeting minutes, and the U.S. its manufacturing activity, housing starts, building permits, and jobless claims for Philadelphia.

On Friday, Canada will be rounding up its foreign securities purchases, and the U.K and New Zealand are to release their retail sales data respectively.

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