JPY Daily News

Japan Celebrates Golden Week, Thin Trading Expected

The USD/JPY has been trading lower recently as investors flee the greenback on the coattails of the Fed's monetary policy statements. After reaching upwards of 82.75 on Tuesday, the pair quickly dropped to a daily low of 81.61 Wednesday, and dipped farther in Thursday's sessions after the Bank of Japan (BOJ) decided to hold rates steady and maintain present levels in its Asset Purchasing Program.

While the yen suffers from its own economic concerns, shifts in consumer sentiment have helped lift yen values against a number of its rivals. The pair also looks to be continuing this movement for the foreseeable future given the massive shift away from the US dollar. With Japan celebrating Golden Week since last Friday, liquidity throughout the region will be somewhat depressed. The JPY could gain from this absence as the rest of global traders shift towards Europe.

Current Time: 05/27 01:30 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
05/02
	02:30	JPY	Average Cash Earnings	y/y	0.3%	-0.1%	-0.4%