JPY Daily News

The JPY Gains against all Major Currencies

The JPY traded at its highest level in a week against the EUR yesterday on concern the improvement in financial companies' earnings will stall. The Yen traded at 135.82 per EUR early today, following a 1.1% gain yesterday. Japan's currency traded at 95.96 per USD and 158.17 against the Pound, both up from yesterday's figures.

Disappointing Chinese economic data and dropping stock prices on global exchanges soured risk appetite. Expectations that the Japanese economy will pull out of the recession ahead of the U.S have also helped push up the JPY against the greenback as investors turned to Japanese assets.

With no major news releases from Japan today, the Yen's short term direction will likely be set by the news coming from the U.S and Europe, mainly the FOMC statement minutes.

Current Time: 05/26 23:25 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
08/12
	05:40	JPY	Revised Industrial Production	m/m	2.4%	2.4%	2.3%
	06:00	JPY	BoJ Monthly Report		*	*	*