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JPY Daily News
JPY gains against crosses as risk appetite rises
Besides the bearishness against the USD, the JPY saw bullish trends against all of its other major currency counterparts. The USD was unstoppable because of its economic data and like the Dollar's other crosses, the JPY lost grounds against it. The JPY showed its strength against the rest of its crosses, especially against major currencies as it saw a 100 point rise against the GBP, EUR and a 70 point rise against the CHF.
There will only be one data release from Japan today as the Economy Watchers Current Index will be announced during early trading. There is no official forecast for this measure and a rising trend will have a positive effect on the nation's currency. Traders should pay close attention to the response of equity markets to the rising dollar, to determine how to continue with JPY positions.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/08 | ||||||||
| 06:00 | JPY |  Economy Watchers Current Index | 29.5 | - | 29.3 |  | ||
