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JPY Daily News
Korean Tensions Push Japanese Yen Lower vs. USD
Monday, 29 Nov 2010
Rising tensions between North and South Korea have pushed a number of Asian currencies lower as investors flee the assets of the region. The Japanese yen took a dive against its currency rivals in trading before last Friday's close and appears to be continuing its bearishness as of this morning.
The USD/JPY was up over 60 pips on the week, opening near 83.50 and closing on Friday at the 84.10 price level. Against the British pound, however, the yen managed to pull weekly gains, dropping the pair to 131.12 from a high mark of 134.18. With some moderately significant reports emanating from Japan tonight, there is a possibility traders will see some volatility entering the forex market as Tuesday's Asian session comes online.
Current Time: 05/26 22:31 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/29 | ||||||||
| 01:00 | JPY |  BoJ Gov Shirakawa Speaks | * | * | * |  | ||
| 23:15 | JPY | Manufacturing PMI | 47.2 | * | 47.3 |  | ||
| 23:30 | JPY | Household Spending | y/y | 0.0% | 0.4% | -0.4% | | |
| 23:50 | JPY | Prelim Industrial Production | m/m | -1.6% | -2.6% | -1.8% | | |
