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JPY Daily News
Yen Extends Gains against US Dollar
The Yen extended its gains against the Dollar yesterday, as optimistic results from Japan's M2 Money Stock and Economy Watchers Sentiment indicators led to a relatively strong JPY against most of its major currency crosses in yesterday's trading. The USD/JPY finished lower by 20 pips at 98.27. The EUR/JPY cross finished lower by 120 pips at 136.51. However, the JPY lost over 50 pips against the GBP to close at 157.44.
Looking ahead to today, the forex market is set to be very volatile, as the whole developed economies look to U.S. Treasury Secretary Timothy Geithner's speech at 14:30 GMT. In late trading today, the Yen is also likely to be affected by the release of the Japanese Core Machinery Orders data at 11:50 PM GMT. Forex traders are advised to open their JPY positions now, as the markets are set for a volatile trading day.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 06/09 | ||||||||
| 06:00 | JPY |  Leading Indicators | 76.3% | 77.3% | 76.5% |  | ||
| 07:00 | JPY | Prelim Machine Tool Orders | y/y | -80.4% | - | -79.3% | | |
| 00:50 | JPY | Core Machinery Orders | m/m | -1.3% | 0.1% | -5.4% |  | |
| 00:50 | JPY | CGPI | y/y | -3.8% | -5.1% | -5.4% | | |
