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JPY Daily News
Yen Extends Gains Versus Dollar Before Election
Tuesday, 14 Sep 2010
The yen rose to a 15-year high on Tuesday ahead of a decisive vote in Japan, weighing on Japanese equities and leaving traders wondering whether a rally that has lifted global stock markets to their highest levels in a month can be sustained.
The yen rallied versus the dollar on speculation Prime Minister Naoto Kan will beat his rival Ichiro Ozawa in a party vote today; reducing the likelihood the government will intervene to weaken the currency. Japan's currency also strengthened against all the major currencies as the Japanese stocks dropped, boosting demand for safer assets.
Current Time: 05/27 04:04 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 09/14 | ||||||||
| 05:30 | JPY |  Revised Industrial Production | m/m | 0.3% | 0.3% | -0.2% |  | |
