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JPY Daily News
EUR/JPY Rebounding; Japanese Stocks on the Rise
Friday, 19 Nov 2010
As concerns regarding Ireland begin to ease throughout Europe, currencies are set to experience rebounds from the peaks induced by the short-term panic. The euro appears likely to gain against the Japanese yen over the next few trading days. The pair rose from the 112.50 level yesterday up towards 114.10 before settling the day at 113.77.
Japanese stocks and indices appear to be rising as well, which has boosted economic growth in Japan and confirmed a weakening yen. If Europe can continue to dampen concerns regarding sovereign debt, then the euro should continue to rebound against the yen, which may be favorable for both.
Current Time: 05/27 01:02 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/19 | ||||||||
| 04:30 | JPY |  All Industries Activity Index | m/m | -0.4% | -0.6% | -0.8% |  | |
