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JPY Daily News
JPY Trading Higher as Safe-Haven Assets Grow
The Japanese yen (JPY) was seen trading moderately higher versus most other currencies last Friday after news began to shift many traders back into risk averse assets. The yen has been a top performer these past several months considering many traders turn to the island powerhouse in times of risk aversion; a sentiment of high frequency these past four years.
Given this understanding, traders witnessed a turn towards safety after last Friday's NFP report from the United States. The resultant move into safe-haven assets has helped to lift the JPY as traders turn to its record low interest rates as a way to store value in times of uncertainty. Japan's economy is publishing several reports this morning, all of which will likely impact the value of the yen very little. Traders should keep an eye on data out of Europe and the United States for signals on the direction of risk appetite this week.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 07/11 | ||||||||
| 06:00 | JPY |  Household Confidence | 34.2 | 35.7 | 35.3 |  | ||
| 07:00 | JPY | Prelim Machine Tool Orders | 34.0% | * | 53.3% |  | ||
| 00:50 | JPY | Tertiary Industry Activity Index | m/m | 2.6% | 0.8% | - |  | |
| 00:50 | JPY | CGPI | y/y | 2.2% | 2.4% | - | | |
