JPY Daily News

Japanese Yen Flat as Investors Weigh Risk Sentiment

The Japanese yen has been trading relatively flat recently as investors flee the greenback in search of higher yields. After reaching upwards of 82.21 last Tuesday, the USD/JPY appears to be holding near a two-week low of 80.80 for the second consecutive day. Japan's economy has published several positive figures over the last week, much of which has helped establish the yen's recent bullishness. Whether it will be enough to reverse much of the negative sentiment surrounding Japan is yet to be determined.

Yen traders have been weighing risk sentiment lately, attempting to decipher the direction of the economy during this news heavy week. With Friday's Non-Farm Payrolls (NFP) ahead, much can be said about the increase in speculative shifts taking place in the market right now.

The yen suffers from Japan's economic concerns, while shifts in consumer sentiment have helped lift yen values against a number of its rivals. Last week's data, however, provided a ray of light which caused a secondary shift towards the yen for reasons other than safety. The USD/JPY looks to be continuing this movement for the foreseeable future as a result, especially given the massive shift away from the US dollar which is helping to lift the island currency.

Current Time: 05/27 02:09 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
05/31
	02:30	JPY	Average Cash Earnings	y/y	-0.1%	-0.2%	-1.4%
	06:00	JPY	Housing Starts	y/y	-2.4%	-3.0%	0.3%