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JPY Daily News
JPY Future Uncertain after Surprise Resignation of PM Fukuda.
Mixed trends were seen from the JPY in yesterday's trading session. Although the USD/JPY combo did rise and show JPY bearishness, the JPY had some good momentum against other currency counterparts. It seemed like no currency could stand against the USD yesterday and it also seemed like every currency took apart the bearish GBP, and so did the Yen. The volatile GBP/JPY cross traded under 194 yesterday. In late New York trading, there was an economic release from Japan yearly Monetary Base rate staying negative, but measuring at a better rate than last year. As the JPY sharing similar behavior as the USD, the drop in Crude Oil prices helped the export-focused Japanese economy gain further momentum.
In today's trading session, look for the JPY trends to be mostly based on its currency counterparts' trading trends as no economic data is expected from Japan. However BOJ Governor Masaaki Shirakawa is due to deliver a speech at the Nagoya University in Nagoya. Besides Shirakawa's speech no other self made volatility should be seen from the JPY as its behavior should be mixed based on the other major currencies economic news.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 09/02 | ||||||||
| 02:00 | JPY |  BoJ Governor Shirakawa Speaks | * | * | * |  | ||
