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JPY Daily News
JPY Dips against USD, Jumps vs. EUR
The Japanese yen (JPY) has been trading with somewhat mixed results since Friday, with gains made against several currencies and losses elsewhere. After a week of ups and downs, the Japanese yen appears set to take losses today as investors appear to be seeking higher yields. The dominant stance of risk aversion overarching yesterday's environment of optimism has many traders moving towards the yen against the higher yielding currencies like the euro, which dropped to a six-week low during yesterday's afternoon sessions.
However, the yen was slightly lower versus the US dollar as the pair moved up from previous intervention levels near 80.00. The USD/JPY held steady at yesterday's low, finding support near 80.30 and moving up towards 80.90 by today's opening Asian sessions. Japan's leading indicators were published at 6:00 GMT with little surprising information coming out of that report. But in Asian news, most traders will be focused on the slew of reports issued out of China this morning, the industrial production figure foremost among them.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 05/11 | ||||||||
| 06:00 | JPY |  Leading Indicators | 104.2% | 99.9% | 99.5% |  | ||
| 00:50 | JPY | Bank Lending | y/y | -1.7% | - | - | | |
| 00:50 | JPY | Current Account | 1.21T | 1.02T | - | | ||
| 00:50 | JPY | M2 Money Stock | y/y | 2.7% | 2.7% | - | | |
