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JPY Daily News
Japanese Yen Ends Up as Beneficiary in Foreign Exchange Trading
The Japanese yen rose for another day against its counterparts as the currency has been more sensitive than the Dollar to shifts in investors' willingness to take on risk. The Japanese currency's gains are outpacing other currencies during financial turmoil and its losses usually marked when sentiment improves.
As expected, the Bank of Japan's (BOJ) policy board on Tuesday took additional measures to help the flagging economy, expanding collateral that can be used for loans. In addition to the low interest rate loans it now offers, the bank could also start purchasing corporate bonds and providing loan guarantees, the report said.
The latest measures will put more emphasis on midsize firms, which have fallen outside the scope of the assistance. The BOJ warned, however, that economic conditions will continue to deteriorate. On Friday, Japan is expected to unveil a fresh economic stimulus package, valued at more than 2% of the country's Gross Domestic Product (GDP).
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 04/09 | ||||||||
| 07:00 | JPY |  Prelim Machine Tool Orders | y/y | -84.4% | * | -84.5% |  | |
| 00:50 | JPY | Monetary Policy Meeting Minutes | * | * | * |  | ||
| 00:50 | JPY | Bank Lending | 3.5% | - | 3.4% | | ||
| 00:50 | JPY | M2 Money Stock | y/y | 2.1% | 2.0% | 2.2% | | |
