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USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed

USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed

JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors.

USD: Core Durable Goods Orders m/m, It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

USD: Durable Goods Orders m/m, It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

USD: Pending Home Sales m/m, It’s a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

EUR: ECB President Lagarde Speaks, As head of the ECB, which controls short term interest rates, she has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.