The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Yen goes up after North Korea missile test
On Tuesday, the Japanese yen rallied after North Korea announced it had successfully tested an intercontinental ballistic missile, thus cooling risk appetite, while the Australian dollar edged down after the country’s key bank kept to a neutral stance on monetary policy.
The currency pair USD/JPY slid 0.48%, trading at 112.83, drifting away from the seven-week peak of 113.46 hit on Monday.
South Korea’s military along with Japan’s authorities confirmed that North Korea had launched an unknown ballistic missile that landed in the Sea of Japan. Japan protested and labeled it as a pure violation of UN resolutions.
The missile was launched just a couple of days before leaders of the Group of 20 nations are expected to discuss steps to tame North Korea’s weapons programs.
The Japanese grew versus the common currency and sterling, with EUR/JPY sliding 0.39%, and GBP/JPY losing 0.26%.
On Monday, positive American manufacturing data backed expectations for another rate lift by the Fed.
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.