Trade Desk Thoughts - Economy Watchers Current Index

Economy Watchers Current Index Actual 28.3, Expected 29.7, Previous 29.3

Release Explanation: The purpose of the survey is to promptly gain an accurate grasp of region-by-region economic trends. By enlisting the cooperation of people holding jobs that enable them to observe activity closely related to regional economy, these survey results can be used as basic material for assessing economic trends.

Trade Desk Thoughts: The Economy Watchers Index shows the sentiment regarding the Japanese economy is getting worse from one month to the next. The main reasons cited by the responded are the decline in job offers and the rising prices of house-hold goods and gasoline. Last year in August, the index was released at 44.1

Forex Technical Reaction: The yen continues to move in a range, between TheLFB R1 and R2

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