JPY Daily News

JPY Bullish On Good News from Japan.

Besides bearishness against the USD, the JPY saw bullish trends against most of its other major currency counterparts. The USD was unstoppable because of its economic data and like the Dollar's other crosses, the JPY lost grounds against it.

The most important economic data release that came out of the Japan was Prelim Industrial Production report. Japan's industrial output rose to a seasonally adjusted 0.9% in July from June as makers of cars, electronics and non-ferrous metals boosted production which in turn strengthened the Japanese Yen.

There will only be one data release from Japan today as the Housing Starts will be announced during early trading. The official forecast is much higher from the previous readings. A rising trend will have a positive effect on the nation's currency because it creates more jobs for construction workers. Today, traders should keep an eye on the Yen's counterparts before placing their orders, as we could see some volatility before market closing.

Current Time: 05/27 02:36 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
08/29
	06:00	JPY	Housing Starts	y/y	-16.7%	14.5%	19.0%