JPY Daily News

Japanese Yen Maintains Holding Pattern

The Japanese Yen continues to trade in a limited range of prices as its economy remains largely on track to continue its recession. As the Japanese economy weakened in recent months, the JPY was pushed higher as a result of Japan's monetary and fiscal policies which intentionally held the Yen at an artificially low level while economic growth was bounding. As this growth unwinds and global interest rates are cut, the Japanese Yen reaps the benefits. But does this help Japan?

As is typically expected, there is not much fundamental data coming from Japan this week. Forex traders can expect the Yen to maintain its recent holding pattern as it awaits news from the European economies about this week's upcoming interest rate policy meetings. If European rates continue falling, the Yen is likely to experience another period of appreciation. If rates are held steady, risk appetite may help push the island currency above the price level of 91.00 against the USD and 121.00 against the EUR.

Current Time: 05/27 02:09 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
02/02
	23:50	JPY	Monetary Base	y/y	1.8%	1.8%	3.9%