| Forex News Center | | | JPY News Archive |
JPY Daily News
JPY Current Account Figures beat Forecast and Give a Boost to the Yen
The JPY underwent a small increase yesterday, as it appreciated against all of its major currency rivals. The JPY rose 1.2% and closed at 107.22 versus the USD in yesterday's trading session. Also, the JPY saw a significant gain against the GBP and CHF.
As the Current Account beat our forecasts, which showed an expected rise of 134T but instead reached 156T, the JPY saw slight bullishness and added to another day of surprising Japanese economic data in support of the yen. This indicator is very important because it is directly linked to currency demand. A rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country. This in turn will support the latest bullish trend for the Japanese yen in the forex market.
Today, the sole indicator for the JPY will be the Core Machinery Orders. This indicator measures the total value of new orders placed with machine manufacturers, excluding orders for items with a volatile sales cycle. A rising trend has a positive effect on the nation's currency. When manufacturers increase their purchasing of machinery it signals that the manufacturing industry is in an expansion phase. Besides the JPY's crosses' trading trends, Crude Oil will be the other major influence. The yen will need the black gold's bearishness to continue in order for the JPY to keep strengthening.
Add events to google calendar
Mark all
Unmark all
Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 09/10 | ||||||||
| 06:00 | JPY |  Leading Indicators | 91.0% | 91.8% | 91.6% |  | ||
| 00:50 | JPY | Core Machinery Orders | m/m | -2.6% | -4.1% | -3.9% |  | |
