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JPY Daily News
JPY Bullish as Intervention Fails to Quell Buying
The Japanese yen (JPY) was seen trading moderately higher versus most other currencies this morning as its value as an international safe haven continues to push its value bullish. 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 JPY are causing some concerns, however, as many speculators were anticipating a downturn following the Bank of Japan's (BOJ) latest intervention. 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. The persistence of the yen's rising strength is causing some furrowed brows in Japan's economic circles.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/29 | ||||||||
| 00:30 | JPY |  Household Spending | y/y | -2.8% | -2.9% | -2.1% |  | |
| 00:30 | JPY | Unemployment Rate | 4.6% | 4.6% | 4.7% |  | ||
| 00:50 | JPY | Retail Sales | y/y | 1.2% | 1.2% | 0.7% | | |
