NZ bulidng permits data dipped a little on the month. Its a choppy data series but the yearly performance is not encouraging. S
Says Stas NZ:
- “The annual number of new homes consented has continued to decrease from its peak of 51,015 in the year ended May 2022”
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I'm a bit slow to this data, apologies if you were awaiting it.
I've been busy on the yen. And, to be honest, pissing off quite a few people! Check the comments to the posts.
I think this one wins the 'triggered' award:
It looks like I'm gonna have to spend the day ion the naughty corner ;-)
Earlier:
- USD/JPY slammed lower
- USDJPY falls below 100 hour MA and runs lower.
- USD/JPY is cratering, drops under 155.00 in super-thin intervention trade
- Those wide spreads you are seeing in yen crosses are a feature, not a bug
USD/JPY update ... up 250 points from the lows now (yeah, down 200 from where we started too .... life's all about balance!)
![usdyen update 250 200 points 02 May 2024 2](https://images.forexlive.com/images/usdyen%20update%20250%20200%20points%2002%20May%202024_id_c6a51615-d900-4c17-b368-cf2dd6075385_size900.jpg)