| Forex News Center | | | JPY News Archive |
JPY Daily News
Safe-Haven JPY Records Gains Wednesday
Thursday, 5 Jan 2012
The Japanese yen saw a very bullish day Wednesday, especially against riskier currencies like the euro. At the same time, confidence in the US economic recovery led to slight increases for the USD/JPY.
The yen is likely to maintain its bullish trend against the euro as long as negative news regarding the euro-zone debt crisis stays in the headlines. That being said, traders should note that a positive ADP Non-Farm Payroll figure today may help boost riskier currencies like the euro against the JPY.
Additionally, Friday's US Non-Farm Payrolls report is likely to create a lot of volatility for yen pairs. A positive figure may boost risk taking which could cause the JPY to close the week in a downward trend.
Add events to google calendar
Mark all
Unmark all
Print
