| Forex News Center | | | JPY News Archive |
JPY Daily News
Japanese Interest Rate Decision Surprises No One
The latest moves of the Japanese yen (JPY) are causing some concerns among investors as many speculators are anticipating another round of intervention by the Bank of Japan (BOJ). With interest rate decisions out yesterday morning, traders appeared to show zero surprise in the announcement that rates would be held near zero. A strengthening yen has benefits for the buying power of the island economy, though its dependence on exports makes a strong yen unfavorable for longer-term growth in Japan's current financial model. As the island currency remains bullish, the pressure begins to mount for the expected bank move to lower its currency strength.
The yen was indeed seen trading mildly lower versus most other currencies this morning as its value as an international safe haven was being challenged by an air of impending intervention by the BOJ. Being linked to international risk sentiment, the yen has experienced an expected uptick during a period when shifts away higher yielding assets became prominent. The JPY has been experiencing several long strides lately from the various shifts into riskier assets.
Add events to google calendar
Mark all
Unmark all
Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 09/08 | ||||||||
| 06:00 | JPY |  Eco Watchers Survey | 52.6 | 54.3 | 47.3 |  | ||
| 06:00 | JPY | BoJ Monthly Report | * | * | * |  | ||
| 00:50 | JPY | Final GDP | q/q | -0.3% | -0.5% | -0.5% |  | |
| 00:50 | JPY | Final GDP Price Index | y/y | -2.2% | -2.2% | -2.2% | | |
| 00:50 | JPY | M2 Money Stock | y/y | 2.9% | 2.9% | 2.7% | | |
