JPY Daily News

Japanese Yen Mixed as Traders Assess Risk Landscape

The Japanese yen (JPY) was seen trading with largely neutral results versus most other currencies yesterday following this morning's less-than-surprising data reports by the Bank of Japan (BOJ). As was reported this week, regional growth in the Pacific has been only mildly better than forecasts, and in several instances worse. The Australian dollar (AUD) was seen in decline for the past two weeks after several data sets revealed an economic slump was underway; though it has regained some of those losses in the past two days.

This week's news has so far strengthened the higher yielding Pacific currencies like the Kiwi and Aussie, fueled by improvements to fundamental data from the world's leading economies and a general sentiment of risk appetite among investors. With this morning's release of Japan's trade balance data, many were expecting the island nation to begin addressing its growth outlook. As the JPY begins to take losses from external factors affecting its value, primarily a return of risk appetite, traders appear to be awaiting further news later today to more accurately gauge the direction that lies ahead for global risk sentiment. The JPY could be set to make gains if today's reports come out worse than forecast.

Current Time: 05/27 02:15 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
07/21
	05:30	JPY	All Industries Activity	m/m	1.4%	1.9%	2.0%