U.S. dollar pulls back vs. the yen

Weekly synopsis

Last Friday, the U.S. dollar traded within a pull back pattern versus the Japanese yen. The USD/JPY approached the 111.36 area rising 0.4% while the pair ended the week 1.16% lower.

U.S. dollar index to 99.59

The U.S. dollar index approached the 99.59 zone, and the EUR/USD reached the 1.0797 level appreciating 0.14%. The EUR/GBP pair traded to 0.8658 rising 0.55%, the GBP/USD to 1.2472 declining 0.38%, and the USD/CAD to 1.3375 climbing 0.18%.

Weekly major events

On Monday, Germany will be reporting its business climate data while Robert Kaplan, Dallas FED's President, and Charles Evans, FED Chicago President, will be giving speeches.

On Tuesday. Stephen Poloz, Bank of Canada Governor, and Robert Kaplan, Dallas FED President, will both speak, whereas the U.S. will release its consumer confidence data.

On Wednesday, the U.S. is to release its pending home sales data, and the U.K its net lending figures. Charles Evans, Chicago's FED President, will be giving a speech.

On Thursday, Canada is to release its raw material price inflation data, the U.S. its initial jobless claims report and growth data for Q4, while Germany and Spain will be reporting their inflation data.

On Friday, the U.S. is to release its spending and personal income information, the U.K its fourth quarter growth and current account data, Germany its unemployment change and retail sales, the euro zone its inflation figures, China its services and manufacturing PMIs, Japan its household spending and inflation, and New Zealand will be publishing its business confidence outcome.

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