The Currency Scene:
News, Events, and Stories about currency from around the world.

Talking Points:

- Tonight brings Japanese inflation numbers for the month of March, and of recent this has become a hot-button topic around the Bank of Japan as price growth in the Japanese economy printed faster than Europe in February. This highlights the potential for a shift-away from the uber-loose monetary policy that’s become par for the course at the Bank of Japan.

- As we’ve come into Q2, Yen-weakness has started to show again and this highlights the possibility of a continuation of trends that have been a rather attractive area of the FX market since the election of PM Shinzo Abe in 2012. Will tonight’s inflation print help markets move further back from the edge of risk aversion that showed in Q1, helping to drive Yen-strength?

- DailyFX Forecasts have been updated for Q2, and are available from the DailyFX Trading Guides page[1]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[2]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[3].

Do you want to see how retail traders are currently trading the US Dollar[4] or the Japanese Yen? Check out our IG Client Sentiment Indicator[5].

Japanese Inflation is On Deck

There are two high-impact releases remaining on the DailyFX Economic calendar[6] for the remainder of the week, and each are inflation prints. Later tonight, we’ll get Japanese inflation for the month of March and then tomorrow morning at 8:30 AM ET, we’ll get Canadian inflation numbers for the same period. Outside of that – we have both the US

Read more from our friends at Daily FX:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page