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JPY Daily News
Japanese Yen Mixed as US Dollar Surges
The JPY has been trading with largely positive results since yesterday as investors turn their focus elsewhere. After a week of ups and downs, the Japanese yen appears set to make gains today as investors largely flee riskier assets. The low interest rates of the Japanese economy have helped pull many investors into the safety of the yen following yesterday's rate announcement by the ECB.
With Japan's economy coming back online from a week of holiday celebrations, the market should receive a modicum of additional liquidity from the return of this island giant. The impact may be felt in today's early hours, but the news from the US economy regarding Non-Farm Payrolls (NFP) will be today's biggest market mover. Traders should tune in to that report as it is likely to drive today's more important portfolio shifts and adjustments.
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