JPY Daily News

Core Machinery Orders on Tap.

The Yen completed yesterday's trading session with a batch of mixed results within its pairs and crosses. The JPY opened at 107.80 v. the USD then devalued 53 points before closing the day at 108.33. This fluctuating movement was similar to most of the JPY's crosses as well. Yesterday, Japan was absent from the economic calendar as no indicators were not published. Most of the bearish JPY movement from yesterday, most notably against the greenback came from another day of rising trends in US equity markets.

Today, two indicators are forecasted to be released from the Asian powerhouse. The Leading Economic Index is derived from many sectors such as employment, production, and consumer confidence and is projected to come in at 90.8%, lower than previously recorded. Also on tap we can expect Core Machinery Orders, which is expected to drop just under 10% from last month, indicating to investors that the manufacturing industry is in a contraction phase.

Forex traders could be in store for another day of JPY volatility as equity markets look to respond to lingering effects of yesterday's FOMC statements and today's energy price movements and inventories.

Current Time: 05/27 00:53 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
08/06
	06:00	JPY	Leading Economic Index		92.6%	90.8%	91.2%
	00:50	JPY	Core Machinery Orders	m/m	10.4%	-9.6%	-2.6%