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JPY Daily News
Japanese Yen Bullish as Traders Seek Safety
The Japanese yen has been trading higher against most of its currency rivals recently as investors move toward safety. Japan's economy has published several positive figures over the last week, much of which has helped establish the yen's recent bullishness. With today'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, particularly downturns in manufacturing and industrial output, shifts in consumer sentiment have helped lift yen values against a number of its rivals. The allure of buying the JPY has also gained from an increased focus on interest rate differentials and carry-trades. Many nations are beginning to lift interest rates, making a carry-trade with the JPY more enticing. Traders appear to be expecting a strengthening JPY this week.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 06/14 | ||||||||
| 01:00 | JPY |  Monetary Policy Statement | * | * | * |  | ||
| 01:00 | JPY | Overnight Call Rate | <0.10% | <0.10% | <0.10% | | ||
| 01:00 | JPY | BoJ Press Conference | * | * | * | | ||
| 05:30 | JPY | Revised Industrial Production | m/m | 1.0% | 1.0% | 1.6% |  | |
