JPY Daily News

Yen Sees Mixed Results in Overnight Trading

Starting off the week, the yen saw gains against a number of currencies in overnight trading. The Japanese currency was boosted by renewed debt concerns in the euro-zone, as well as a much worse than expected German Factory Orders figure released on Friday. As such, the EUR/JPY pair fell around 100 pips since last night and is currently trading around the 113.30 level. Against the UK pound, the yen gained approximately 65 pips in overnight trading. The GBP/JPY pair currently stands at the 130.90 level.

While the safe-haven yen has seen gains against virtually all of the riskier currencies in overnight trading, it has not been able to recoup the losses it took against the greenback following Friday's US Non-Farm Report. The USD/JPY pair is virtually unchanged since markets opened for the week, and is currently trading steady at the 81.15 level.

Today, traders will want to pay attention to the German Industrial Production figure. Should it come in at its forecasted level, investors may continue to abandon their riskier assets in favor of safe-havens. In such a case, the yen may be able to extend its recent bullish trend.

Current Time: 05/27 05:15 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
11/08
	05:00	JPY	BoJ Monthly Report		*	*	*
	05:00	JPY	Leading Indicators		99.5%	99.4%	98.9%
	23:50	JPY	Bank Lending	y/y	-1.8%	*	-1.9%
	23:50	JPY	Current Account		1.18T	1.23T	1.66T
	23:50	JPY	M2 Money Stock	y/y	2.8%	2.8%	2.7%