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JPY Daily News
Yen Rises on All Fronts As Risk Aversion Continues
The Yen rallied against all the major currencies during last week's trading. The Yen gained about 300 pips against the Dollar, and the USD/JPY pair dropped to the 89.00 level. The Yen rose against the Euro and the Pound as well.
The trigger to the bullish Yen continues to be the concerns from yet another global economic crisis due to the Euro-Zone fragile condition. The ongoing publications regarding the debt crisis in several European nations is threatening to have impacts on the global economy. As a result, investors are looking for relatively safe assets, and the Yen is considered to be the safe-haven investment. It currently seems that until the concerns regarding the potential impacts of the Euro-Zone's debt crisis will be refuted, the Yen is likely to strengthen further.
As for the week ahead, traders are advised to follow the updates regarding the European debt crisis, as this seems to have a very large impact on the Yen. Traders should also follow the leading publications from the Japanese economy, especially the Trade Balance on Wednesday and the Tokyo Core CPI.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 05/24 | ||||||||
| 05:30 | JPY |  All Industries Activity | m/m | -2.3% | -0.6% | -0.8% |  | |
| 06:00 | JPY | BoJ Monthly Report | * | * | * |  | ||
