JPY Daily News

Yen Declines against Dollar and EUR

The Yen recorded losses against all of its major currency crosses in yesterdays trading. This came about for several reasons. Primarily among them is that Japan's economy continues to decline at an alarming rate as the global recession continues to take its toll. The Yen declined by 200 points against the USD to finish Monday's trading at 94.96. Against the EUR it also lost 90 points to close at 120.85.

A few economic data releases are expected to be released from Japan later today. At 23:50 GMT there is the release of Japanese Trade Balance figures. This is likely to have an impact on the JPY in late trading. However, before this release there is likely to be a lot of action in the currency market. This is likely to be led by political and economic developments coming out of the U.S., Britain, and the Euro-Zone. If things continue in the same pattern for the JPY, then the USD/JPY currency cross may exceed 96.00 in tomorrow's trading. Additionally, if Japan shows more negative economic data in the coming week, then it is likely to sink to new lows against its major currency pairs.

Current Time: 05/27 00:44 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
02/24
	23:50	JPY	Trade Balance		-0.15T	-0.49T	-0.36T