JPY Daily News

Expect Another Volatile Session as No Japanese News is Expected

The Japanese yen completed yesterday's trading session with mixed results versus the other major currencies. The JPY was broadly unchanged versus the EUR yesterday and closed its trading session around the 112.80 level. The JPY also saw bullishness against the USD as it jumped around 80 points and closed at 80.90.

Investors are showing concern over a recent rise in the JPY as it makes Japanese products less competitive abroad and hurts the value of overseas sales when translated back into the Japanese currency. With steady gains primarily against the dollar, much of the yen's bullish movement could be contributed to the repatriation of overseas earnings by Japanese companies into the local economy. This has had a positive effect on major JPY currency pairings, as the rising turmoil in the market is leading to more investment in the Japanese currency.

Current Time: 05/27 01:07 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
10/29
	06:00	JPY	Housing Starts	y/y	20.5%	15.4%	17.7%