JPY Daily News

Yen Rises Against Dollar Where Others Fail

Despite the dollar's appreciation yesterday against most major currencies, the Yen showed significant strength as the USD/JPY dropped 0.7% and is now trading at 89.5656. In earlier trading, the pair failed to break the significant 89.00 support line.

Japanese officials worry that a strong Yen may have an adverse affect on the Japanese economy. Yesterday, comments were made from deputy Prime Minister Kan, noting he supports a weak yen. A weakening yen could be a blessing to Japan. A falling yen would make Japanese exports cheaper on the world markets, thereby boosting the economic recovery of the island nation and avoiding a second recession.

Current Time: 02/13 21:16 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
12/18
	03:13	JPY	Monetary Policy Statement		*	*	*
	03:13	JPY	Overnight Call Rate		0.10%	0.10%	0.10%
	07:19	JPY	BoJ Press Conference		*	*	*