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USD/JPY: Trading the US New Home Sales

From forexcrunch.com

US New Home Sales indicator is released monthly, and provides analysts with important data on the health of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 15:00 GMT. Indicator Background US New Home Sales provides analysts and investors with a snapshot of the strength of the US housing market, one of the most important sectors of the economy. As a new home is likely to be the largest purchase that a consumer will make, this indicator also helps measure consumer spending and confidence. ... (full story)

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