Consolidation Ahead of U.S. Retail Sales and Japanese Wage News
Wednesday, 13 March 2024, 11:30
Consolidation Ahead of Key Economic Indicators
The USD and JPY are witnessing consolidation as market participants await crucial economic data releases. Despite positive developments in wage negotiations, the yen has shown weakness for the second consecutive session.
Market Anticipation
- Traders are keenly observing tomorrow's U.S. retail sales data and Friday's Japanese wage news for potential market shifts.
In conclusion, the upcoming economic data may impact the movements of the USD and JPY in the financial markets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.