JPY Daily News

Yen Falls for First Time in 3 Days

The Japanese yen fell for the first time in 3 days versus the EUR and the Dollar as Asian stocks advanced on speculation Japanese companies will report stronger earnings, reviving demand for higher-yielding assets. The yen weakened to 136.96 per EUR from 136.79 yesterday. Japan's currency also fell to 95.05 per Dollar from 94.97.

Japan's currency weakened against 14 of its 16 major counterparts after a Japanese report showed domestic investors bought more foreign equities than they sold for a 7th week, suggesting a return of the carry trade.

However, losses in the Yen may be tempered after U.S. reports yesterday added to doubts the recession in the world's largest economy is easing, boosting demand for Japan's currency as a refuge.

Current Time: 05/27 04:10 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
08/06
	06:00	JPY	Leading Indicators		76.9%	79.8%	79.8%