JPY Daily News

Yen Experiences Mixed Results against Major World Currencies

The JPY finished yesterday's trading session with mixed results versus the major world currencies. The JPY fell against the GBP, pushing the GBP/JPY level to 146.67. The Japanese Yen experienced similar behavior against the USD as the USD/JPY closed at 95.16. The JPY saw steady bullishness throughout yesterday's trading against the EUR, as EUR/JPY pair finished the day at 122.97.
With the rise in the Yen Japanese products are less competitive abroad. Additionally, the value of overseas sales are hurt when converted back into the Japanese currency. Amid steady gains primarily against the Dollar, much of the Yen's bullish movement may possibly be contributed to the repatriation of overseas earnings by Japanese companies into the local economy. On the other hand, the Yen's strength in recent months has had a positive effect on major JPY currency pairings, as the rising turmoil in the global market is leading to more investment in the Japanese currency.
Looking ahead to today, Japan is expected to provide some significant economic news. Traders are advised to follow the release of the Retail Sales Report, which is set for release at 11:50pm GMT. This report is one of the most influential economic indicators in Japan and is forecasted by analysts to decrease by -0.9% this month, in comparison to a -0.4% drop in the month of October. Traders are strongly advised to pay attention to today's Japanese economic indicators, as a stronger than expected result may strengthen the JPY.

Current Time: 05/27 04:02 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
11/27
	23:15	JPY	Manufacturing PMI		42.2	-	36.7
	23:30	JPY	Household Spending	y/y	-2.3%	-3.4%	-3.8%
	23:30	JPY	Tokyo Core CPI	y/y	1.5%	1.3%	1.1%
	23:30	JPY	National Core CPI	y/y	2.3%	1.9%	1.9%
	23:30	JPY	Unemployment Rate		4.0%	4.2%	-