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JPY Daily News
JPY at 11-Week High versus USD
Wednesday, 3 Mar 2010
The Yen climbed to an 11-week high against the Dollar on speculation Japanese companies will bring home earnings before the nation's fiscal year that ends this month. Japan's currency advanced versus 14 of its 16 major counterparts ahead of the end of Japan's fiscal year March 31.
Under the new tax provisions Japanese companies are exempt from taxes on repatriated profits. The means that the JPY is expected to stay strong as Japanese investors will likely to continue buying the currency.
Current Time: 05/27 02:28 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 03/03 | ||||||||
| 01:30 | JPY |  Average Cash Earnings | y/y | -5.9% | -1.2% | 0.1% |  | |
| 23:50 | JPY | Capital Spending | q/q | -24.8% | -18.1% | -17.3% | | |
