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JPY Daily News

Yen Continues to Maintain Safe-Haven Status

Wednesday, 12 May 2010

The Yen has continued to make gains on some of the more volatile currencies, boosted by continued worries regarding Greece and the other Euro-zone countries currently worried about deficits. In the last 24-hours, EUR/JPY has dropped significantly, falling from 118.20 to its current level of 116.77. Similarly, GBP/JPY fell significantly throughout the day yesterday. While the pair peaked around the 139.50 level, it has since dropped to its current level of 137.90. Today, traders can expect the Yen to largely maintain its current gains, as investor appetite for risk taking will likely remain low.

Current Time: 05/27 00:31 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
05/12
06:00JPY+ Leading Indicators 98.4%99.3%102.8%1
00:50JPY+ Bank Lending y/y-1.8%--1.8%1
00:50JPY+ Current Account1.12T1.49T1.77T1
00:50JPY+ M2 Money Stock y/y2.6%2.5%2.9%1
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