JPY Daily News

Japanese Yen Bearish as Investors Seek Higher Yields

The Japanese yen was seen trading lower against most of its currency rivals yesterday as investors moved towards higher yielding assets in Europe and the Pacific. Japan's economy has published several positive figures over the last week, much of which has helped establish the yen's recent bullishness.

With yesterday's rate statement affecting JPY values, traders are likely to see heightened volatility as the day moves ahead. While the yen suffers from its own economic concerns, shifts in consumer sentiment have helped lift yen values against a number of its rivals.

This trend was cut short yesterday, however, as investors took cues from bullish inflationary reports out of the US and UK to mean that riskier assets may see an uptick. The yen, which traditionally acts as a store of value during times of uncertainty, was seen taking a hit yesterday as investors largely moved away from the island currency and into higher yielding assets like the EUR and AUD.

Current Time: 05/27 01:59 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
06/21
	05:30	JPY	All Industries Activity Index	m/m	-6.3%	1.9%	1.5%