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USD/JPY repelled by 98.00 zone

FXstreet.com (Chicago) – USD/JPY backed off from 97.92 highs after yesterday’s climb that concluded on this morning’s fall. The pair accumulates 0.05% daily losses so far, adding up to 1.10% weekly losses this week.

Japanese data – investments decline

Earlier in Japan foreign bond investment in Japanese stocks data was released at -89.5B yen vs. previous 48.1B last month. Foreign bond investment was -318.5B vs. past 903.6B. Retail trade data (MoM) for July was -1.8% vs. past -0.2% and yearly results were -0.3% vs. flat estimates and a previous 1.6%. In the US, pending home sales were -1.3% (MoM) vs. previous …read more