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JPY Daily News
Yen Maintains Strength in Low Liquidity Session
The yen once again proved that it was the ideal safe haven currency on Tuesday, as it registered gains against most of its main currency rivals despite a thin trading session. Rumors of another round of quantitative easing in the US next year as well as the ongoing euro-zone debt crisis helped steer customers toward the Japanese currency throughout the day.
Turning to today, a lack of significant news will likely mean that yesterday's positive trend for the yen will continue. That being said, the low liquidity environment in the marketplace means that unexpected price movement could occur at any time. Traders will want to pay particular attention to the USD/JPY and GBP/JPY pairs, as they have seen some dramatic shifts in recent days.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 12/28 | ||||||||
| 01:30 | JPY |  Average Cash Earnings | 0.0% | 0.1% | -1.0% |  | ||
