The Yen Looks Into Strengthening Overview 24.07.2017

The Japanese Yen has attempted to rise further on Monday, but the trend slowed due to news from the USA. Currently the pair holds at 111.13. In the morning a news about President Trump to comment how voting on heath care sector goes occurred. The White House official release confirms that. The head of USA will comment on the issue this late evening, and his comments can trigger price movements on the stock and currency markets. So far the US dollar has been kept under pressure as many politics have failed to agree on basic aspects of the bill.

At the beginning of the week Japan saw the preliminary PMI index in the industrial sector. Japan's Nikkei published the value. The index value turned to be 52.2 points against 52.4 last time. The estimated value was 52.3 points. For the time being, this value doesn't bother the Yen bulls much: the indicator stands much higher than the psychological mark 50 points - the borderline between growth and decline.

For today the market will be trading with no significant moves or actions: Trump will be giving his comments in the evening (and his public speaking is always an energetic show). Therefore, the investors will save their strength for the evening session.