Trade Desk Thoughts - Japan Leading Indicators

Japan Leading Indicators Actual 91.6%, Expected 91.8%, Previous 91.0% (revised from 91.2%)

Release Explanation: The overall economic health barometer is called the Leading Index. It measures 12 components of the economy including; consumer sentiment, new ind. orders, housing permits, equity prices, average hourly rate, interest rate spreads.

Trade Desk Thoughts: The Japanese Leading index rose to 91.6%, in July, less than market expectations, of 91.8%. The leading indicator is based on 12 reports, from which most are made public before this release. In the last few months, the Leading index, suggested that the Japanese economy is weakening, due to international tensions.

Forex Technical Reaction: The yen had a limited reaction to the release, as expected. The pair gained 50 pips today, and is now trading just under the neutral pivot point.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.