JPY Daily News

Yen Declines as Risk Aversion Eases

The yen continues its decline versus the euro during today's Asian trading hours after dropping Thursday on signs the global economic recovery is picking up which boosting demand for higher-yielding assets. Against the dollar the yen showed gains, despite the release of better than expected economic data from the U.S. After reaching a high of 84.35, the pair declined to currently trade around 83.70 yen. The Japanese currency is currently at 110.49 versus the euro, after reaching a high of 111.19 yesterday.

As for today, traders are advised to follow any news publications from the euro-zone and the U.S, particularly the release of the euro-zone retail sales numbers at 10:00 GMT and the release of the U.S Non-Farm Employment Data and Unemployment Rate are released at 13:30 GMT.

Current Time: 05/27 00:45 GMT

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