JPY Daily News

Safe Haven Yen Continues to Rally Against Its Rivals

The Yen appeared to be the big winner in overnight trading, not only making gains on riskier currencies like the Euro and sterling, but also against the fellow safe-haven U.S. Dollar. USD/JPY, which at one point was trading as high as 91.56 yesterday, has since dropped following remarks by the Japanese finance minister. Currently USD/JPY is trading around the 91.15 level.

Today the Yen is likely to see more gains, as there is no positive news forecasted for the Euro-zone and American news will not likely show any substantial growth in the U.S. economy. Should the U.S. Trade Balance and Unemployment Figures come in as predicted, traders can expect the greenback to fall further against the Yen in afternoon trading.

Current Time: 05/26 23:13 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
06/10
	06:00	JPY	Household Confidence		42.0	42.3	42.8