The Japanese yen strengthened slightly on Friday, although the effects were muted by the ongoing results of the Chinese New Year, as was the case in much of Asia. There is very little Japanese data scheduled for release next week until the end of the week when the Coincident Index figures are released.
The Canadian dollar saw little movement on Friday following growth figures from Canada, which were as expected. We see the most significant data releases for Canada on Friday, when the employment change and unemployment rate figures will be published.
Both the Australian and New Zealand dollars fell further last week amid concerns over emerging market stability with the New Zealand dollar affected worse. Tuesday should see the most notable movements for both currencies of the week, with a decision on rates from the Reserve Bank of Australia and New Zealand unemployment figures both scheduled for release that day.
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