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Japanese Yen Forecast: USD/JPY Eyes Sub-139.500 as BoJ Rate Hike Hopes Rise
Japan’s Tertiary Industry Activity Index will spotlight the USD/JPY pair on Tuesday, September 17. Economists forecast that the Tertiary Industry Activity Index will increase by 1% in August after falling by 1.3% in July. The Index is important since it measures activity levels in Japan’s services sector across areas, including wholesale and retail trade, finance, insurance, real estate, transportation, information and communications, and personal and business services. Better-than-expected numbers could signal a pickup in service sector activity, which accounts for over 70% of GDP. Upbeat trends could fuel ... (full story)
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- Posted: Sep 16, 2024 10:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,060
