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JPY Daily News
Yen Takes Losses across the Board
Thursday, 9 Dec 2010
The yen continued to fall against its main currency rivals in overnight trading as investors turned to the dollar amid news that US tax cuts are likely to be extended. Japanese officials appear satisfied with the current trend the yen is taking, as it makes Japanese exports more attractive to foreigners. Assuming that this week's US Unemployment Claims come in better than last week's, as predicted, the JPY is likely to continue its downward spiral.
At the same time, should US Treasury yields drop, investors may start buying up the yen as a counterweight. Either way, traders will want to pay careful attention to any news out of the US today. Any negative rumors or data is likely to boost the JPY against the dollar.
Current Time: 05/27 05:33 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 12/09 | ||||||||
| 06:00 | JPY |  Prelim Machine Tool Orders | y/y | 71.0% | * | 104.2% |  | |
| 23:50 | JPY | BSI Manufacturing Index | 13.3 | 14.3 | -8.0 |  | ||
| 23:50 | JPY | CGPI | y/y | 0.9% | 1.1% | 0.9% | | |
