JPY Daily News

Japanese Yen Expecting Little Movement

The Japanese yen (JPY) was seen trading significantly higher versus most currencies this morning as its value as an international safe haven begins to get challenged by the prevailing economic conditions. 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 latest moves of the JPY are causing some concerns, however, as many speculators were anticipating a downturn following the Bank of Japan's (BOJ) latest rate statement. 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. The persistence of the yen's rising strength is causing some furrowed brows in Japan's economic circles, and this may be a cause of its mixed trading behavior.

Current Time: 05/27 02:08 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
10/31
	05:00	JPY	Housing Starts	y/y	14.0%	8.3%	-10.8%
	23:50	JPY	Monetary Policy Meeting Minutes		*	*	*