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JPY Daily News
BOJ May Intervene as Yen Continues to Soar
The Japanese yen has remained in an ascending pattern against most of its currency rivals despite efforts by the Bank of Japan (BOJ) to intervene in the forex market. The sudden spike in risk aversion in favor of the yen has allowed the island currency to gain against its rivals regardless of efforts by the BOJ to counter those effects.
Speculators, as a result, have begun to anticipate another round of currency intervention by the BOJ to once again combat the rising yen. News of a potential market intervention by the US Federal Reserve, however, has appeared to temporarily offset the BOJ's efforts. This monetary intervention war between major economies is providing some unique market fluctuations which allow traders to benefit from clear, long-term trends, with obvious highs and lows.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 10/12 | ||||||||
| 06:00 | JPY |  Household Confidence | 42.4 | 43.9 | 41.2 |  | ||
| 00:50 | JPY | Core Machinery Orders | m/m | 8.8% | -3.7% | 10.1% |  | |
| 00:50 | JPY | Bank Lending | y/y | -1.9% | * | -1.8% | | |
| 00:50 | JPY | M2 Money Stock | y/y | 2.8% | 2.8% | 2.8% | | |
