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JPY Daily News
USD/JPY Trading Near a 1-Month High
The Japanese yen fell against most of its major counterparts during last week's trading session. The yen dropped about 150 pips vs. the U.S. dollar, and the USD/JPY pair is now trading near a 1-month high. The yen also fell about 200 pips against the British pound.
The yen fell last week as U.S. Treasury 1-year yields rose near a seven-week high which made assets dominated in greenback more attractive to international investors. Treasury yields surged on lower than average demand at a $16 billion sale of U.S. 30-year bonds. This has boosted the dollar to nearly a 1-month high against the Japanese currency.
Looking ahead to this week, traders are advised to follow the leading releases from the Japanese economy. Main focus should be given to the Tertiary Industry Activity report and the All Industries Activity report as these are likely to impact the currency. Traders are also advised to follow developments regarding the European sovereign-debt crisis, as this is likely to affect yen trading as well.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/15 | ||||||||
| 04:30 | JPY |  Revised Industrial Production | m/m | -1.9% | -1.9% | -1.6% |  | |
| 23:50 | JPY | Tertiary Industry Activity Index | m/m | -0.2% | -0.4% | -0.9% |  | |
