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JPY Daily News
Yen Experiences Mixed Results against Major Currencies
The JPY finished yesterday's trading session with mixed results versus the major currencies. The Japanese yen extended gains versus the U.S. dollar on Monday, to finish around 83.45 amid a broad sell off in the greenback. The yen experienced similar behavior against the GBP as the pair fell from 133.04 to 132.30 by days end. The JPY did see bearishness as well, as it lost over 100 pips against The EUR and closed at 111.70.
Today, the movement of the JPY will likely be affected by the release of the Tankan Manufacturing Index. This index is a leading indicator of the country's economic health, since businesses are more likely to react quickly to changes in the market. A change in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 12/14 | ||||||||
| 04:30 | JPY |  Revised Industrial Production | m/m | -1.8% | -1.8% | -2.0% |  | |
| 23:50 | JPY | Tankan Manufacturing Index | 8 | 4 | 5 |  | ||
| 23:50 | JPY | Tankan Non-Manufacturing Index | 2 | 0 | 1 |  | ||
| 23:50 | JPY | Tertiary Industry Activity | m/m | -0.9% | 0.4% | 0.5% | | |
