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JPY Daily News
Japanese Holiday Continues, JPY Mixed
The JPY has been trading with mixed results recently as investors turn their focus elsewhere amid global reactions to the death of Osama bin Laden. After reaching upwards of 82.75 on Monday, the USD/JPY quickly dropped to a daily low of 81.61 Tuesday morning, and looks to fall farther in today's sessions as investors remain bearish on the greenback.
With Japan celebrating Golden Week since last Friday (with the exception of Monday), liquidity throughout the region will be somewhat depressed. The JPY could gain from this absence as the rest of global traders shift towards Europe. Yesterday was the only lull in the Golden Week holiday celebrations and Japan released its Average Hourly Earnings index, which revealed significant contraction in the earnings across Japan as global industry continues to falter. As for today, the JPY will be absent from the market meaning global investors will continue to focus their attention elsewhere, creating mixed results for the yen.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 05/03 | ||||||||
| JPY |  Japanese Bank Holiday | * | * | * |  | |||
