JPY Daily News

JPY Takes Losses Following BOJ Rate Decision

The Bank of Japan's widely expected decision to maintain its current economic policy triggered a largely bearish day for the Japanese yen yesterday. The USD/JPY jumped to a four-week high during European trading, while the GBP/JPY climbed well over 100 pips. Given the appetite for risk aversion among investors, the downward movement by the yen was not widely predicted by analysts.

Turning to today, yen traders will want to pay attention to US news scheduled to be released throughout the day. Analysts are predicting the indicators, particularly the Pending Home Sales number, to come in well below last month's results. If so, further risk aversion may occur could cause the yen to reverse some of today's losses.

Current Time: 05/26 22:22 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
01/25
	05:00	JPY	BoJ Monthly Report		*	*	*
	23:50	JPY	CSPI	y/y	-0.2%	0.0%	-