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JPY Daily News
Japan Market Fundamentals Positive, Yen Mixed
The Japanese yen (JPY) has been trading with largely positive results since Friday as investors turn their focus towards news out of the United States. Fed Chairman Ben Bernanke's remarks yesterday about US interest rates has many traders buying back into the yen as a more beneficial safe-haven in times of risk.
The JPY was seen trading somewhat mixed this morning, however, holding steady gains versus the USD, but faltering mildly against the EUR and GBP. Market news out of Japan this morning was largely positive for the island economy, with the country's Current Account growing to 0.55T and its M2 money supply maintaining its present rate of growth. The yen may seem poised to make gains today, but investors appear likely to shift towards riskier assets following Bernanke's comments on Tuesday.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 06/08 | ||||||||
| 06:00 | JPY |  Economy Watchers Sentiment | 28.3 | 33.3 | 36.0 |  | ||
| 00:50 | JPY | Final GDP | m/m | -0.9% | -0.8% | -0.9% |  | |
| 00:50 | JPY | Final GDP Price Index | y/y | -1.9% | -1.9% | -1.9% | | |
