JPY Daily News

Yen Records Mixed Results against the Majors

The Japanese Yen is set for the biggest monthly slide against the EUR since May, after a government report showed Japan's jobless rate unexpectedly dropped for a 2nd month, reducing demand for the relative safety of the Japanese currency. The Japanese Yen has been the most sensitive to risk aversion trading, falling when investors are more interested in riskier assets such as equities. Against the Dollar, the JPY slid to 91.27 Yen, from 90.33 Yen on Wednesday.

The Yen extended gains vs. the Australian and New Zealand Dollars, as investors took profits on a number of growth-linked trades that had been in vogue in recent months. Both currencies have been favored plays against the low-yielding Japanese Yen this year as investors have anticipated higher Interest Rates in economies seen as recovering faster from the global downturn. The JPY hit a 3-week high of 80.85 per Australian Dollar, before trimming gains to 81.05 Yen. Against the NZD, the Japanese Yen rose 0.8% to 64.80 Yen.

Current Time: 02/13 23:08 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
10/30
		JPY	BoJ Press Conference		*	*	*
		JPY	Monetary Policy Statement		*	*	*
		JPY	Overnight Call Rate		0.10%	0.10%	0.10%
	05:00	JPY	Housing Starts	y/y	-38.3%	-36.9%	-37.0%
	06:00	JPY	BoJ Outlook Report		*	*	*