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JPY Daily News

JPY Down versus Rivals as Demand for Safe Assets Wanes

Friday, 5 Nov 2010

The JPY is little change Friday morning as the Bank of Japan on Friday kept interest rates unchanged at a range of zero to 0.1% and held off on easing monetary policy, as the Federal Reserve's bond buying plan did not trigger yen gains sharp enough to warrant an immediate policy response.

The Japanese currency was down for a 4th day as speculations the global economic recovery is gaining hold dampened demand of the safe haven asset. The yen fell to 114.78 per euro from 114.71 in New York yesterday, when it touched 115.42, the lowest level since Oct. 7. The currency is at 80.84 per dollar from 80.75 yesterday.

Current Time: 05/27 02:45 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
11/05
JPY+ Overnight Call Rate<0.10%<0.10%<0.10%3
JPY+ Monetary Policy Statement***3
JPY+ BoJ Press Conference***5
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