FX Radio: US New Home Sales Surprise Higher, Japanese CPI Expected to Signal Deflatio

Click Link to Listen to our Evening DailyFX Radio PodCast:

http://media.dailyfx.com/podcasts/FXRadioPM052407.mp3

Key Points

  • US New Homes Sales surprisingly strong, but also reflect plunge in prices

  • Japanese trade becoming more reliant on Europe, China as US slows

  • Will Japanese CPI impact USDJPY?