JPY Daily News

Year-End Covering and Thin Markets Boost JPY Demand

The Japanese yen received a boost in trading these past few days as multiple market forces combined to increase demand for the island currency. Continued debt concerns in Europe, tensions on the Korean peninsula, and less-than-satisfying figures from the US yesterday have added to the risk-averse atmosphere experienced these past few weeks, providing support for the JPY.

Additionally, thin market trading conditions experienced due to the holiday season in Europe, the US, and elsewhere, has combined with year-end portfolio covering and positive industrial figures to incentivize a return to the yen in short- to medium-term trading. The USD/JPY has fallen slightly to 82.27 from 82.53 in yesterday's New York trading hours.

Current Time: 05/27 00:02 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
12/29
	23:15	JPY	Manufacturing PMI		47.3	*	48.3