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JPY Daily News
Will the BOJ Intervene on Behalf of the Yen Today?
The Japanese yen appears to be trading in a flat range against a number of its primary currency rivals lately. The explanation seems to lie with today's interest rate figures and subsequent press statement by the Bank of Japan (BOJ). Speculators have been trying to gauge whether or not the BOJ will announce vigorous actions to counter the recently surging JPY, as it poses a threat to the island economy's exports.
Should today's statements prove to be hawkish regarding the possibility of a future monetary program to combat the rising yen, we should see speculators jump in to short the JPY. However, if the BOJ remains neutral on the issue, or doesn't issue a strong enough statement regarding potential monetary programs, then the JPY may continue to surge against its primary rivals in today's trading.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 09/07 | ||||||||
| 01:00 | JPY |  Monetary Policy Statement | * | * | * |  | ||
| 01:00 | JPY | Overnight Call Rate | 0.10% | 0.10% | 0.10% | | ||
| 01:00 | JPY | BoJ Press Conference | * | * | * |  | ||
| 06:00 | JPY | Leading Indicators | 99.0% | 98.3% | 98.2% |  | ||
| 00:50 | JPY | Core Machinery Orders | m/m | 1.6% | 2.0% | - | | |
