JPY Daily News

JPY Loses Ground on All Fronts

The Japanese currency lost ground on all front on Monday, as Japan's bank holiday left the JPY on the backburner. The result of this was an extremely bearish trading session. The JPY lost much strength against virtually all of its currency pairs. The USD/JPY cross rose by 25 pips to the 90.31 level. The EUR/JPY cross soared by 70 pips to the 133.65 level. The Yen also lost much ground against the NZD.

Tuesday's trading offers many important opportunities with regards to the JPY's key crosses. There is much crucial data later today form the U.S., Britain and the Euro-Zone. Therefore, the Yen will be on the backburner again for much of today. However, at 23:50 GMT the Japanese Monetary Base data will be published, which is vital as it is a key measure of Japanese economic health. As a result, positive results could help the JPY in late trading today.

Current Time: 02/13 20:13 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
11/03
	23:50	JPY	Monetary Base	y/y	4.5%	-	4.4%