JPY Daily News

Yen Drops on All Fronts

The Yen saw an extremely bearish session during last week's trading. The Yen dropped close to 200 pips against the Dollar and the Euro, and over 400 pips vs. the Pound.

The Yen continues to lose ground against the major currencies as Japanese economic indicators continues to be negative. The Japanese Retails Sales report for January dropped by 1.0% compared to October. This is the 15th consecutive month in a row in which the total value of sales at the retail level decreased in Japan. The Japanese Average Cash Earning, which measures the change in the total value of employment income collected by workers during November, dropped by 2.8% as well. It appears that for as long as the Japanese economic data remains negative, the Yen is likely to waken further.

The week ahead will have less Japanese economic publications relative to previous weeks. Nevertheless, traders are advised to follow the Leading Indicators report on Friday. This report is a composite index based on 12 economic indicators. Analysts forecast that the Leading Indicators rose by 91.4% during November. If the end result comes in as expected, it could erase some of the Yen's recent losses.

Current Time: 02/13 19:12 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
01/04
	23:50	JPY	Monetary Base	y/y	3.8%	3.5%	5.2%