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JPY Daily News
Yen Rallies on Flee to Safety
The Japanese yen traded near a 15-year high versus the USD and rallied against the EUR as concern over the sustainability of the global economic recovery spurred demand for safe heaven assets.
The JPY appreciated against all of its 16 major counterparts after U.S. data Wednesday showed a widening trade deficit and a European report today is expected to show industrial production grew at a slower pace in July. The Australian and New Zealand Dollars fell for a fourth day as commodity prices continue to decline.
The Yen climbed to 109.32 per EUR in today's early trading from 109.74 in New York yesterday, after earlier reaching 109.24, the highest level since July 6. It is trading at 85.05 per USD from 85.32 yesterday, when it touched 84.73, the strongest since July 5, 1995.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/12 | ||||||||
| 05:30 | JPY |  Revised Industrial Production | m/m | -1.5% | -1.5% | -1.1% |  | |
| 06:00 | JPY | Household Confidence | 43.5 | 44.2 | 43.3 | | ||
| 00:50 | JPY | Monetary Policy Meeting Minutes | * | * | * |  | ||
