During the Asian session, the key event will be the Reserve Bank of New Zealand monetary policy decision. Throughout the day, the final Service PMIs w
ill be released. Eurostat will report the Producer Price Index and Retail Sales. The US will report the ISM Services PMI and Factory Orders. ADP will release its private employment report.jumped on Tuesday, most likely due to an intervention from Japanese authorities to prevent further depreciation of the currency. The move occurred when USD/JPY was trading above 150.00 and sent the pair as low as 147.28. However, it later trimmed losses and rose to 149.00.
The Greenback remains supported across the board by positive US data, higher yields, and cautious market sentiment. On Wall Street, stocks lost an average of 1.40% on Tuesday. On Wednesday, the ADP Employment report is due.printed a fresh ten-month low near 1.0450 and then rebounded modestly to 1.0470. The pair remains under pressure. On Wednesday, Eurostat will release Retail Sales and the Producer Price Index.finished the day flat, moving sideways around 1.2070.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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