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JPY Daily News
Japanese Yen's Strength Challenged
The Japanese yen (JPY) was seen trading mildly lower versus most other currencies this morning as its value as an international safe haven was being challenged by an air of diminished industrial activity and production. Being linked to international risk sentiment, the yen has experienced an expected uptick during a period when shifts away higher yielding assets became prominent. The JPY has been experiencing several long strides lately from the various shifts into riskier assets.
The latest moves of the yen are causing some concerns, however, as many speculators are anticipating some downturn following this week's industrial activity releases. A strengthening yen has benefits for the buying power of the island economy, though its dependence on exports makes a strong yen unfavorable for longer-term growth in Japan's current financial model. As industry slumps in Japan, this uptrend may meet resistance.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 10/27 | ||||||||
| 07:00 | JPY |  Monetary Policy Statement | * | * | * |  | ||
| 07:00 | JPY | Overnight Call Rate | <0.10% | <0.10% | <0.10% | | ||
| 07:00 | JPY | BoJ Press Conference | * | * | * | | ||
| 07:00 | JPY | BoJ Outlook Report | * | * | * |  | ||
| 00:30 | JPY | Household Spending | y/y | -4.1% | -3.4% | -1.9% |  | |
