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The Greenback made the last attempt to rise against the Yen before falling sharply on non-negative US economic data. The USD/JPY added 5 base points, ahead of the sharp fall to the 111.74 area. However, bulls put the pair back to the pre-data level of 112.60.
US consumer inflation growth weakened in October, as the hurricane-related increase in purchases of motor vehicles started to fade. The Fed's closely watched inflation measure, the Core PCE Price Index excluding energy and food increased 1.4% year-over-year in October, though the figure undershot the bank's 2% target for more than 5 years. Recent economic data strengthened projections for the Fed to raise borrowing costs once again in December.
| Historical Data Table: US Core PCE Price Index y/y | Economic Calendar for 01.12.2017 | ||||||||
| Date | 01.08.2017 | 31.08.2017 | 29.09.2017 | 30.10.2017 | 30.11.2017 | 1:30 PM | Canadian GDP | ||
| Actual | 1.5% | 1.4% | 1.3% | 1.3% | 1.4% | 1:30 PM | Canadian Unemployment Rare | ||
| Forecast | 1.3% | 1.4% | 1.4% | 1.3% | 1.4% | 3:00 PM | ISM Manufacturing PMI | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75667 | 0.75619 | -0.06% | AUD/USD | 67.06% | 32.94% | |||
| EUR/USD | 1.18509 | 1.18437 | -0.06% | EUR/USD | 42.40% | 57.60% | |||
| USD/JPY | 112.361 | 112.411 | 0.04% | USD/JPY | 43.05% | 56.95% | |||
| NZD/USD | 0.6844 | 0.68388 | -0.08% | NZD/USD | 58.73% | 41.27% | |||