Todays fundamental analysis
for the USD is about the US building permits and this will help us understand how the measure of change in the number of new building permits issued by the government. This is very important for traders because the building permits help us project future housing starts. The US government releases this information once every month at 13:30. The previous forecast for building permits was at 1.316M and was forecasted to be at 1.273M. So in this instance if the actual result was lower than the forecast then the USD will become weaker and then it will be bearish
which will mean that traders will sell at that current time. However, the actual forecast for today was higher than the predicted forecast which was 1.298M.This indicates that USD will become bullish
which will mean traders will go long for this trade. The USD/JPY
went up by roughly 0.40-0.45%.