JPY Daily News

Yen Falls against Most of the Major Currencies

The Japanese yen fell against most of its major currency counterparts during last week's trading session. The yen fell about 250 pips against the U.S dollar, and the USD/JPY pair reached as high as the 83.65 level. The yen fell about 300 pips against the British pound as well. However, the JPY gained about 200 pips against the euro.

The Japanese currency was mostly impacted by movements of the major currencies during last week's trading. The yen fell against the dollar and the pound after both the U.S. and the U.K. economies provided positive data, signaling that they are recovering at a faster pace than expected. On the other hand, the yen strengthened against the euro due to increased uncertainty regarding several economic aspects of the euro zone, which has weakened the euro on all fronts.

As for this week's trading session, traders are advised to follow the Japanese Core Machinery Orders release, which is scheduled for Wednesday, as this report is likely to have a large impact on yen values. Traders should also notice that Japanese banks will be closed today in observance of Coming-of-Age Day, which might reduce the yen's volatility.

Current Time: 05/27 04:05 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
01/10
		JPY	Japanese Bank Holiday		*	*	*