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JPY Daily News
JPY Largely Bearish as Capital Flows towards Europe
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.
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. The most important news today for JPY traders will no doubt be the direction the US Federal Reserve takes in regards to its monetary policy.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 04/27 | ||||||||
| 00:15 | JPY |  Manufacturing PMI | 46.4 | * | 45.7 |  | ||
| 00:30 | JPY | Household Spending | y/y | -0.2% | -6.8% | -8.5% |  | |
| 00:30 | JPY | Tokyo Core CPI | y/y | -0.3% | 0.2% | 0.2% | | |
| 00:30 | JPY | National Core CPI | y/y | -0.3% | -0.2% | -0.1% | | |
| 00:30 | JPY | Unemployment Rate | 4.6% | 4.8% | 4.6% | | ||
