JPY Daily News

Yen Gains Stability from Calming Markets

Yesterday, the JPY underwent a relatively flat session against most of its major currency rivals. Floating between 105 and 106 against the USD and closing at 105.64 yesterday. The JPY was predominantly influenced by the other major currencies' behavior, which experienced more volatile sessions due to the rapidly changing markets in today's economy.

The only economic indicator coming from Japan yesterday was the BSI Manufacturing Index, a general measure of market conditions and business health. Large manufacturing corporations saw their business conditions index bump up to -10.0 from -15.1 in the Second Quarter, while the Non-Manufacturing index also increased to -10.2 against a prior -15.3. Small corporations saw a minor increase in business conditions, but still have the largest number of negative figures. Sentiment in all industries increased from -36.5 to -34.3 in the Third Quarter, helping the JPY's stability overall.

Today's late release of the Japanese Trade Balance and CSPI should provide little fluctuation in the market as well. Traders should keep a close watch on the news coming from the U.S. and Euro-Zone as both will continue to be the deciding factors in the Yen's movement today.

Current Time: 05/27 04:23 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
09/24
	00:50	JPY	CSPI	y/y	1.3%	1.2%	1.4%
	00:50	JPY	Trade Balance		0.11T	0.12T	-0.11T