JPY Daily News

Yen Tumbles as Nuclear Risk Eases

The Japanese yen fell on all fronts on Monday's trading session. The yen saw a 40 pip drop against the U.S. dollar, and the USD/JPY pair is trading above the 81.00 level. The yen also saw a 100 pips fall against the euro and a 120 pips fall against the British pound.

The yen declined against all its major rivals after officials made progress in cooling nuclear reactors at a crippled plant. Investors still fear that Japan will act further to weaken the yen after the Group of Seven nations intervened last week in the market, in the attempt to weaken the yen.

The stabilization of the Japanese nuclear crisis has also helped to restore risk-appetite in the market, which further decreases demand for the Japanese currency as a safe-haven asset.

Looking ahead to today, traders are advised to stay alert for any update regarding a potential intervention in the market by Japan. An intervention may take place in the case that the yen will once again begin to strengthen. Special attention should of course be given to the Japanese nuclear situation, as any news on this issue is likely to impact the market.

Current Time: 05/27 05:40 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
03/22
	04:30	JPY	All Industries Activity	m/m	-0.3%	2.7%	2.9%