JPY Daily News

Yen Sees Mixed Results vs. Majors

The Japanese yen continued to strengthen against the U.S. dollar on Tuesday's trading session amid concern global growth is slowing. On the other hand the Japanese currency slid against the euro on speculation Greece will manage to evade default

The yen climbed to a one-month high vs. the dollar as investors expect the Federal Open Market Committee (FOMC) to end its two-day meeting with a decision to expend quantitative easing, in an attempt to stimulate the sluggish economy. As a result, the USD/JPY pair dropped as low as the 76.10 level.

However, the Japanese currency fell against the euro as talks between Greece, the European Union and the International Monetary Fund have boosted speculation that Greece will manage to pay debts and avoid default.

As for today, the low risk-appetite in the market is expected to put further bullish pressure on the yen. However, traders are advised to follow the FOMC Statement on 18:15 GMT, as the statement is likely to affect all the major currencies.

Current Time: 05/27 05:16 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
09/21
	05:30	JPY	All Industries Activity Index	m/m	2.2%	0.9%	0.4%