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USD/JPY: Trading the Existing Home Sales Release
The Existing Home Sales Report is an important economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy. A higher reading than the previous month points to a growing economy and may help the dollar rise. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 5:00 GMT. Indicator Background The Existing Homes Sales Report is a key leading indicator, and together with ... (full story)