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JPY Daily News
Japanese Yen Holding Near 81.00 vs. US Dollar
The Japanese yen (JPY) was seen trading sideways yesterday, holding only slightly above intervention levels versus the US dollar (USD). Yesterday's bullish industrial output data, along with Tuesday's retail sales data, has so far helped turn the tide from a dismal few months for Japan. Traders seeking risk also appear to be hedging with JPY carry trades from the appealing nature of the yen these past few days.
News for today is focused on the ramifications of Greece passing its austerity budget yesterday. Sentiment appears favorable for a jump into higher yielding assets among global investors. The JPY may dip against its rivals somewhat as a result, but this week's strongly bullish data may help it retain some value. Traders should be on the lookout for any shift in sentiment which will push investors en masse back to safety, of which the JPY will likely benefit the most.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 06/30 | ||||||||
| 06:00 | JPY |  Housing Starts | y/y | 0.3% | 3.3% | 6.4% |  | |
| 00:30 | JPY | Household Spending | y/y | -3.0% | -1.7% | -1.9% |  | |
| 00:30 | JPY | Tokyo Core CPI | y/y | 0.1% | 0.2% | 0.1% | | |
| 00:30 | JPY | National Core CPI | y/y | 0.6% | 0.5% | 0.6% | | |
| 00:30 | JPY | Unemployment Rate | 4.7% | 4.8% | 4.5% | | ||
