JPY Daily News

No Economic Growth in Japan Boosts the Attraction of the USD as an Alternative Investment.

The Yen completed last weeks trading session with mixed results against its currency counterparts. The Japanese currency saw volatility during last week against the USD and after rising strongly, it finished the week close to where the cross started at around 110. The Yen saw a little bit of bearishness against the EUR, but strong gains were seen against the week GBP and CHF. The GBP/JPY came close to the 203 market last week, reaching a low (a high for the JPY) that hasn't been seen since May.

This week's economic releases from Japan will be concentrated today and on Thursday night. BOJ Governor Shirakawa will speak this morning and the day will end with the yearly CSPI, which is expected to slightly rise compared to last year's result. On Thursday, the Yen should have a bullish day with a batch of positive economic data expected. The main releases on Thursday will be the Tokyo Core CPI, Prelim Industrial Production and yearly Retail Sales, all expected to rise significantly in comparison to their previous figures. Look for the USD's news filled week to also affect the JPY and cause some volatility.

As previously mentioned, the JPY will see some volatility of its own today and should see a bullish day with the positive news expected. With the USD Existing Home Sales expected to rise, the USD should see a rising trend which will support the JPY against its other currency counterparts. Trades should mind the impact of Shirakawa's speech this morning and later stay tuned on the news coming out of the U.S.

Current Time: 05/26 22:40 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
08/25
	07:00	JPY	BoJ Governor Shirakawa Speaks		*	*	*
	00:50	JPY	CSPI		1.2%	1.4%	-