JPY Daily News

Yen Makes Gains vs. the Pacific Currencies

On one hand, the Japanese currency made losses vs. the USD and GBP. However, these gains weren't worrisome, as these 2 counter currencies were the big bulls yesterday. With regards to the Pacific currencies, the JPY did make some significant gains vs. the AUD and NZD. This was due to a number of reasons. The most important of these being Japan's Prime Minister Yukio Hatoyama's comments on how he'll revolutionize the Japanese economy in the coming months.

The JPY lost ground against both the Dollar and the Pound. However, it made some gains vs. the EUR. The JPY rose 65 pips vs. the New Zealand Dollar to reach the 66.80 level. At one point yesterday, the JPY was trading higher by nearly 70 pips vs. the AUD, to eventually close at the 84.50 level. The most important release to follow from the Japanese economy today is the Retail Sales figures at 23:50 GMT. In the meantime, open your positions in the JPY's main crosses now.

Current Time: 02/13 21:04 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
10/27
	23:50	JPY	Retail Sales	y/y	-1.8%	-1.5%	-