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JPY Daily News
The Yen is Losing Ground on All Fronts
The JPY saw a bearish trading session yesterday, losing ground against most of its currency crosses. The JPY fell against the sterling pound, pushing the oft-traded currency pair to 139.50. The Japanese yen experience similar behavior against the EUR and closed at 122.55.
The JPY's trends will be affected by the rallies of its primary currency pairs today. It seems that the USD and EUR are expected to continue a volatile trading session today, especially against the Japanese currency. Traders should keep a close look on the news coming from the U.S. and Europe as these economies will be the deciding factors in the JPY's movement today. It is also advisable for traders to follow any unexpected comments coming from key Japanese governmental figures, as this is also likely to lead to further JPY volatility.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 04/08 | ||||||||
| 06:00 | JPY |  BoJ Monthly Report | * | * | * |  | ||
| 06:00 | JPY | Economy Watchers Sentiment | 48.4 | 49.6 | 27.7 |  | ||
