JPY Daily News

Yen Sees Mixed Results versus the Majors

The yen finished yesterday's trading session with mixed results versus the major currencies. The Japanese yen extended gains versus the euro on Monday, to trade around 110.50 levels amid a broad sell off in the euro. The yen experienced similar behavior against the NZD as the pair fell from 63.19 to 62.75 by days end. The yen finished even versus the USD and closed at 84.07.

A strong yen puts Japanese exporters at a disadvantage by making their goods less competitive overseas and erodes their repatriated earnings, in turn threatening the main growth driver of Japan's fragile economy. As a result, Japan's export growth dropped to its slowest pace of the year in October, also hit by softening overseas demand.

However, the yen has weakened from a 15-year high against the dollar in recent weeks as worries over the euro zone and tensions on the divided Korean peninsula bolster demand greenback.

Current Time: 05/27 05:16 GMT

Add events to google calendar Mark all Unmark all Print

#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
11/30
	01:30	JPY	Average Cash Earnings	y/y	0.9%	0.7%	0.6%
	05:00	JPY	Housing Starts	y/y	17.7%	10.0%	6.4%