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JPY Daily News
Will New Japanese PM Respond to China with a De-Valuation?
Even the safe-haven currency of the Japanese yen appreciated against the dollar in this morning's trading hours. As the USD took a dive following this weekend's surprise announcements by China, the JPY actually appeared to take off alongside the other riskier assets, which is somewhat uncommon for the island currency.
Japan's new prime minister may take the opportunity to see his currency decline as the global economy recovers; a sentiment he has expressed a number of times before his election as PM. His personal dissatisfaction with the current strength of the JPY has become a major talking point among political and economic analysts lately. Should any announcements come from Japan in that regard, traders would be wise to pay attention.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 06/21 | ||||||||
| 05:30 | JPY |  All Industries Activity | m/m | -0.8% | 2.1% | 1.8% |  | |
