JPY Daily News

JPY Granted Reprieve as Investors Shift Focus; Turns Bearish

The Japanese yen was trading lower this morning as Japanese pension funds and a variety of importers began to purchase US dollars with yen amid a downturn in negative news regarding Japan. The reprieve from international skepticism helped alleviate international pressures on the JPY, allowing many investors to shift direction in their portfolios heading into the early Asian session today.

Discussions about a future intervention by the Bank of Japan (BOJ) have begun to crop up lately, but many maintain the sentiment that now is not the time for Japan to intervene simply due to the international climate surrounding the G20/IMF meetings.

Japan's currency strength has traditionally hindered its exporting capability, but at a time of national reconstruction and emergency management the increased buying power is actually helping the Japanese economy for the time being. Traders should, of course, be on the watch for any news of an intervention, but shy of such a move the JPY should continue to trade near its present value.

Current Time: 05/27 03:01 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
04/15
	05:30	JPY	Revised Industrial Production		0.4%	0.4%	1.8%