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JPY Daily News
The Yen Falls to 2 Week Low vs. Dollar
Japans' currency fell as low as 81.98 against the U.S dollar, pulling further away from a 15-year high of 80.41 struck earlier this week. The Bank of Japan needs to do more to curb the yen's advance by increasing its purchases of government bonds with longer maturities, according to Merrill Lynch Japan Securities Co.
The Japanese currency is approaching a post-war record of 79.75 against the dollar, threatening the nation's export-led recovery. Should the yen rise to between 70 and 75 against the dollar and increase deflationary pressure, that could force companies to shift production abroad and cut jobs and business investment, economist said. According to analysts, it is very important for Japanese authorities to take measures to stabilize the yen between 85 and 90 against the USD.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 10/28 | ||||||||
| 01:00 | JPY |  Monetary Policy Statement | * | * | * |  | ||
| 01:00 | JPY | Overnight Call Rate | <0.10% | <0.10% | <0.10% | | ||
| 01:00 | JPY | BoJ Press Conference | * | * | * |  | ||
| 07:00 | JPY | BoJ Outlook Report | * | * | * | | ||
| 00:15 | JPY | Manufacturing PMI | 49.5 | * | 47.2 |  | ||
