JPY Daily News

Yen a Primary Currency to Watch this Week

Last week's jobs data from the United States has helped generate a confident push in the value of the USD and the JPY felt the sting of this rush just as every other currency. Trading as high as 96.50 against the greenback during early trading sessions last Friday, the USD/JPY currently stands near 98.50 in today's early morning hours. The strength in the US market has helped rally the appeal of the American safe-haven and taken more funds away from the carry-trade safe haven of the Japanese Yen.

With an inordinate amount of economic news expected from Japan this week, we could see a sharp increase in trading volatility for this specific currency. As figures such as the M2 money supply, Japanese Final GDP, and core machinery orders are published this week, traders will get a healthy look at the state of the island economy. No doubt the Japanese Yen will be one of the currencies to watch this week!

Current Time: 05/27 00:02 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
06/08
	06:00	JPY	Economy Watchers Sentiment		34.2	34.0	36.7