JPY Daily News

JPY Continue To Provide Mixed Results

The JPY saw mixed results against most of its currency crosses yesterday. The JPY fell against the USD to its lowest value in a month following the strong news events coming from the US, against the EUR the JPY experimented in a volatile trading session to remain near the opening price.
The only data that came from the JPY yesterday was the Trade Balance showing that Japan trade surplus fell 89% in June. Exports fell 1.7%, while imports surged 16.2% driven by record oil prices over the last month or two. All signs are beginning to point toward the Asian powerhouse entering a much-anticipated recession.
On tap for today, forex traders should maintain their focus mainly on the Tokyo Core CPI. The National Core CPI, and the Corporate Services Price Index, all expected to be released. The Core CPI should rise to 1.6% helping to strengthen the Japanese currency. The National Core CPI is expected to be increased to 1.9%, while the CSPI is expected to remain unchanged at 0.6%. However, as was previously mentioned, these figures are not expected to have a serious impact on the Yen.

Current Time: 05/27 02:40 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
07/24
	00:30	JPY	Tokyo Core CPI	y/y	1.3%	1.6%	1.6%
	00:30	JPY	National Core CPI	y/y	1.5%	1.9%	1.9%
	00:50	JPY	CSPI	y/y	0.6%	0.6%	1.2%