JPY Daily News

The Yen Looks Forward to Rising Figures as the EUR Weakens.

Yesterday the JPY underwent bullish sessions against most of its major currency rivals. The JPY's most notable surge was against the EUR, as the pair fell by 100 pips testing the level of 156.00.

Yesterday, indicators describing the state of Japan's economy were not made public.
The low yielding currency has remained strong against its foreign counterparts after investors came to the conclusion that the European Central Bank will not increase interest rates anymore. As a result, foreigners buying Japanese goods will look to buy Yen, which in the long term will help strengthen the Japanese currency.
The only news event to be published today from the Japanese economy will be quarterly Capital Spending, estimated to grow at 1.2%. This is a substantial change from the 3% drop in Q1 spending. As it seems like both the USD and EUR are expecting high volatility today, the JPY could benefit from the overall risk in the market. Traders should keep a close look on the news coming from the US and Euro-Zone as both will be the deciding factors in the Yen's movement for Thursday.

Current Time: 05/26 23:33 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
09/04
	00:50	JPY	Capital Spending	q/q	-4.9%	1.2%	-6.5%