Minor data only from Japan today ...
Due at 0135GMT
- Markit/Nikkei Japan Services PMI for June, prior was 51.5
- Markit/Nikkei Japan Composite PMI for June, prior was 51.6
There will be minor, if any, immediate forex market impact from these points
-
USD/JPY made an attempt at its Monday morning gap in the lead up to Thursday's NFP. 123.20 was a closely-watched level and some longs got interested again on the move above there. Close but no cigar, though ... the USD/JPY dropping back on the NFP below expectations.
ps. Any ACT traders I spoke with might want to reflect on what is wrong with that big red bar (with the arrow) ...
