JPY Daily News

Yen Records Mixed Results against Majors

The Japanese yen finished yesterday's trading session with mixed results versus the major currencies. The Japanese currency extended gains versus the EUR on Monday, to trade around 109.95 amid a broad sell-off in the EUR. The JPY did see bearishness as well as it lost over 50 pips against the AUD and closed at 83.20.

The Japanese markets were expected to have a relatively heavier effect on the JPY versus its major currency counterparts today as the Overnight Call Rate was released during the Asian trading session.

The rate was left unchanged, but traders will be paying close attention to the Bank of Japan's (BOJ) Press Conference that will follow to look for expectations of Japan's economic future, especially considering the speculation that measures will be taken to devalue the yen. A bullish statement from the BOJ could lead some traders to believe that it is forecasting a rosier financial climate in Japan. Others fear that the climate is declining and monetary measures may be taken to directly influence currency prices.

Current Time: 05/27 04:55 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
12/21
	03:55	JPY	Monetary Policy Statement		*	*	*
	03:55	JPY	Overnight Call Rate		<0.10%	<0.10%	<0.10%
	04:30	JPY	All Industries Activity	m/m	-0.8%	-0.1%	-0.2%
	07:10	JPY	BoJ Press Conference		*	*	*
	23:50	JPY	Trade Balance		0.58T	0.63T	0.43T