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JPY Daily News

JPY Gains versus Major Counterparts

Tuesday, 4 Oct 2011

The Yen climbed against the Dollar Monday after the Bank of Japan its quarterly Tankan index of sentiment increased to 2 in September from minus 9 in June, encouraging investors to take refuge in Japan's currency.

Further boosting the Japanese currency were concerns from the Euro-Zone about an imminent Greek default and uncertainties about global growth prospects. Better than expected economic data from the US was unable to mollify the bearish market sentiment.

A continuation of dampened global sentiment will likely push the Japanese currency even further.

Current Time: 05/27 03:00 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
10/04
02:30JPY+ Average Cash Earningsy/y-0.2%0.7%-0.6%3
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