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JPY Daily News

JPY Continues to Decline on Expectation of Further Monetary Easing

Friday, 12 Mar 2010

The Yen declined against 15 of its 16 major counterparts as U.S. stock gained and concerns over Greek debt eased, dampening demand for the safe heaven currency. The Yen is down ahead of the Bank of Japan's Policy meeting next week on speculation the Bank of Japan will monetary easing steps as the world's second-largest economy struggles with deflation. The Yen dropped to 124.09 per EUR from 123.82 in New York yesterday. Japan's currency traded at 90.69 per dollar from 90.51.

Current Time: 05/27 02:40 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
03/12
04:30JPY+ Revised Industrial Production y/y2.5%2.5%2.7%1
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