JPY Daily News

Yen Records Mixed Results against the Majors

The Japanese Yen recorded mixed results vs. the main currencies yesterday. This comes about as the Bank of Japan (BoJ) makes its decision on whether or not to begin concluding its credit-easing program, as many businesses have regained access to private funding. Despite this, it is expected that Japan will keep its Interest Rates at about 0.1% through 2010. Therefore, this will continue to keep the volatility high in the forex market, even if the Japanese economy continues to recover.

The Yen declined vs. the Australian Dollar and the EUR. However, the Yen rose vs. the USD. Also, it went bullish vs. the GBP, as the GBP/JPY cross slumped by 75 pips to the 141.90 level. Traders should pay close attention to the CGPI figures at 23:50 GMT from the Japanese economy. It is also recommended that you follow the key releases from the main industrialized economies, as the key releases are expected to drive the sentiment of the Yen and other key currencies today.

Current Time: 02/13 23:09 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
10/13
	00:50	JPY	CGPI	y/y	-8.5%	-7.8%	-