JPY Daily News

Yen at Seven Week Low Versus the Dollar

The Yen is currently sitting at a seven week low versus the USD. This will be looked on positively by both the Japanese Ministry of Finance and Japanese industry who depend on a weak yen to make their goods more competitive in the global market place.

Currently the USD/JPY is trading at 91.64 from an opening day price of 91.06. We've seen heavy buying of pair close to the 91 price level.

Japanese banks are closed today for a holiday today. Therefore, large bloc trades may have an extra high impact on today's prices as liquidity is tight as we approach the holidays and trading desks are operating on skeleton staffs. With a significant amount of money sitting on the sidelines, this could give smaller traders opportunities to take advantage of the volatile price swings in the yen. Those who can find them may have larger potential opportunities in this type of market.

Current Time: 02/13 20:50 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
12/23
	23:50	JPY	BSI Manufacturing Index		15.5	11.2	-
	23:50	JPY	Monetary Policy Meeting Minutes		*	*	*