JPY Daily News

Bank of Japan Desires Weaker Yen; Expect Monetary Easing?

After seeing a short rally from sudden USD-weakness, the JPY has now resumed its previous downtrend against many currency rivals. Ending last Friday at 98.01 against the USD and 126.43 against the EUR, the JPY has continued to weaken from the unpleasant economic situation which has been brewing in Japan these last few months. The Bank of Japan (BoJ) is scheduled to discuss another potential interest rate cut later this week, but with the lowest rate worldwide, a further reduction seems counter-productive.

The BoJ has made it clear that a weakened Yen is what they desire as it will help stimulate exports for this heavily trade-dependent nation. With further negative economic data set to be released this week, traders will likely see a continuation in the downtrend of the JPY through Friday.

Current Time: 05/27 00:24 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
03/16
	23:50	JPY	Tertiary Industry Activity Index	m/m	-1.6%	-0.5%	0.4%