JPY Daily News

The JPY Looks To Extend Its Profits?

The JPY underwent a bullish trading session yesterday, as it appreciated against most of its major currency rivals. The JPY saw a 60 pips rise against the USD as the pair went below the 109.60 level. The JPY also saw rising trends against the EUR and the GBP.

Yesterday, the Japanese government bond futures retreated after pulling back from four-month highs as prospects for an interest rate cut from the Bank of Japan were dismissed. Governor Masaaki Shirakawa reiterated the central bank view that the economy would eventually return to moderate growth. That cooled expectations that the BOJ will be forced to cut interest rates by early next year, and acted as a significant support for the JPY.

As for today, the sole event that is scheduled from the Japanese economy is the Monetary Policy Meeting Minutes. This indicator will likely to have little effect on the market as it released at 23:50 GMT. Forex traders invested in JPY related crosses should stay tuned to stock market movement today as this information should determine JPY's direction for today.

Current Time: 05/26 23:25 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
08/21
	07:00	JPY	BoJ Monthly Report		*	*	*
	00:50	JPY	Monetary Policy Meeting		*	*	*