JPY Daily News

Strengthening JPY a Bane to Japanese Exports

Any other central bank would look upon a strengthening currency as a blessing. Japan, however, may see it as a curse. As the Bank of Japan (BoJ) has intentionally held down the strength of its currency to boost Japanese exports, the recently growing JPY spells recession for the island economy. As exports fall, stocks aren't far behind.

The Japanese Yen was one of the more traded currencies this past week as the holidays closed down the banks throughout Europe and the United States. Despite this, however, the currency failed to see any heavy movement. It appears most investors were out of the market and those who were still actively trading were not large enough to really make an impact. The story won't be much different for the JPY this week. The market movers will be the USD and EUR up until the market closes on 31 December for the New Year celebration.

Current Time: 05/26 23:19 GMT

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