The Yen is retreating without fighting. Overview for 30.10.2018

USDJPY has been growing for the second trading session; investors’ demand for “safe haven” assets reduced.

The Japanese Yen continues retreating against the USD on Tuesday. The current quote for the instrument is 112.77.

The statistics published by Japan today showed that the Unemployment Rate in the country fell up to 2.3% in September against the previous and expected readings of 2.4%. The components of the report indicate that the “jobs-to-applicants” ratio increased and the highest reading over the last 40 years.

Due to changes in market sentiment, the demand of “safe haven” assets is falling, that’s why the Yen is retreating.

This week, there will be plenty of data and events important for the Yen. Tomorrow, another meeting of the Bank of Japan will be over, where the regulator is expected to make some monetary decisions. The key rate is highly likely to remains the same, -0.1%, but the BoJ is scheduled to report on the economic outlook and the inflation. The regulator’s comments on inflation expectations and the actual state of things will attract much attention.

Essential macroeconomic reports to be published later in the week include the Preliminary Industrial Production in September, which may decline and disappoint investors. Apart from this, on Wednesday they will see the Consumer Confidence and the Housing Starts in October.