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JPY Daily News
Yen Rises Vs. Euro and Pound; Weakens Vs. Dollar
The Japanese yen saw mixed results against the major currencies on Tuesday's trading session. The yen gained about 60 pips against the euro, and the EUR/JPY pair is once again trading below the 110.0 level; the yen saw similar gains against the British pound as well. On the other hand, the yen fell about 60 pips vs. the U.S. dollar.
The yen's fluctuations have reflected the general mood in the market. The yen gained vs. the European currencies following the ever-deepening concerns regarding the euro-zone's stability. The latest reports regarding a possible credit cut of Portugal and Greece have intensified this trend.
The yen slightly fell against the greenback due to estimations that the Commerce Department will correct its release today, and will state that the U.S. economy grew more than previously calculated in the third quarter.
Looking ahead to today, traders are advised to follow the leading publications from the U.S. and the euro-zone as these are likely to affect the market today. Special attention should be given to reports regarding a possible credit downgrade in Europe, as unusual volatility might take place as a result.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 12/22 | ||||||||
| 05:00 | JPY |  BoJ Monthly Report | * | * | * |  | ||
