JPY Daily News

JPY Holds Recent Strength; Japanese Economy Continues to Sinks

The JPY saw bullish results against most of its major currency rivals. The JPY has predominantly been influenced by the other major currencies' behavior lately, as only one major indicator was published from Japan. The JPY ended yesterday's trading up at 98.53 against the USD, and has continued to hold these gains through today's early trading hours.

Core Japanese private-sector machinery orders fell for a 4th consecutive month in January, the longest losing streak in at least 20 years, as exports crashed and profits evaporated. Japan posted its first current-account deficit in 13 years in January, leaving companies with less cash to invest in plant and equipment. Companies' project profits will slide 86% this fiscal year, and exporters will bear the brunt of the decline.

Sentiment among Japan's largest manufacturers fell significantly in the last year, signaling that companies are likely to cancel spending plans and cut more jobs, pushing the economy further into recession and weakening the JPY.

Current Time: 05/27 03:01 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
03/11
	23:50	JPY	Final GDP	q/q	-3.3%	-3.5%	-3.2%
	23:50	JPY	Final GDP Price Index	y/y	0.9%	0.9%	0.7%