USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

USDJPY Yen Steady as Political Storm Engulfs Washington

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USDJPY Yen Steady as Political Storm Engulfs Washington

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 113.91 against the Yen, 0.04% lower from the New York close. Earlier today, data showed that Japan’s flash leading economic index advanced as expected in March, while the preliminary coincident index dropped more-than-anticipated in the same month. During the session, the pair traded at a high of 114.12 and a low of 113.61. Yesterday, the US Dollar traded marginally lower against the Yen in the New York session and ended at 113.96. The pair is expected to its find support at 113.57 and its first resistance at 114.28.

USD/JPY has ticked higher in the Wednesday session. In North American trade, the pair is trading just below the 114 line. On the release front, the Bank of Japan published its summary of opinions. There are no major releases out of the US. On Thursday, PPI is expected to show a slight gain of 0.2%, and unemployment claims is forecast to climb to 245 thousand.

The BoJ released its summary of opinions from its April policy meeting. BoJ board members recommended that the central bank maintain its ultra-loose accommodative policy due to global downside risks. At the same time, the economy had improved, boosted by stronger exports and production. The summary stated that the BoJ should upgrade its economic assessment to state that the economy “has been turning towards a moderate expansion”.

Yen Steady

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Japanese Yen | Data | Chart | Calendar | Forecast | News


source: tradingeconomics.com
The USDJPY increased 0.1150 or 0.10% to 114.0950 on Wednesday May 10 from 113.9800 in the previous trading session. Historically, the Japanese Yen reached an all time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011.

Japan Markets Last Previous Highest Lowest Unit
Currency 114.10 113.66 306.84 75.74 [+]
Stock Market 19900.09 19843.00 38915.87 85.25 points [+]
Government Bond 10Y 0.04 0.04 7.59 -0.29 percent [+]
30 Year Bond Yield 0.82 0.81 3.13 0.04 percent [+]
2 Year Note Yield -0.18 -0.19 0.25 -0.36 percent [+]
5 Year Note Yield -0.14 -0.15 8.58 -0.37 percent [+]

 

Japanese Yen Notes

The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Japanese Yen – actual values, historical data, forecast, chart, statistics, economic calendar and news. Japanese Yen – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
114.10 113.66 306.84 75.74 1972 – 2017 Daily

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BUZ INVESTORS SPLIF Closing of Oregon Property – Nutritional High International Inc. (the “Company” or “Nutritional High“) (CSE:EAT)(CSE:EAT.CN)(OTCQB:SPLIF)(FRANKFURT:2NU) is pleased to announce that is has closed an acquisition of a real estate property

Marijuana Company of America Finalizes Joint Venture Agreement With Bougainville Ventures in Washington State

Marijuana Company of America Finalizes Joint Venture Agreement With Bougainville Ventures in Washington State

BUZ INVESTORS Joint Venture MARIJUANA COMPANY OF AMERICA ("MCOA" or the "Company") (OTC: MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that it has finalized the joint venture agreement

BUZ INVESTORS Joint Venture MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC: MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that it has finalized the joint venture agreement with Bougainville Ventures, Inc. (“BV”) in Washington State.

MCOA will invest $1 million in cash in a newly formed entity. Bougainville Ventures, Inc. will contribute its expertise in the construction and management of a 30,000 sq. ft. greenhouse facility, which will accomodate a Tier-3 production and processing I-502 tenant that has decades of experience and a proven track record of consistency and quality. MCOA and BV will split equity and profits equally, 50/50.



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Joint Venture

As turnkey landlords, MCOA and BV will provide our I-502 tenant with a state-of-the-art facility that creates an ideal cultivation environment that they can move into and be fully operational on day one. This enables our tenants to focus on what they do best, producing top quality products and not worrying about maintaining their infrastructure.

Donald Steinberg, MCOA President and CEO said, “this project will help to expand our operations as an ancillary business into the Washington State market. Achieving this milestone of closing this deal, as well as completing our PCAOB audit at the end of the first quarter are two more pillars of the strong foundation we are building for our shareholders.”

The execution of the agreement is the final step in formalizing the Letter of Intent that was publicly announced on February 15, 2017. This joint venture partnership is formed for the purpose of greenhouse construction, management and commercial leasing to I-502 licensed producers within Washington State only and not beyond its borders.

ABOUT BOUGAINILLE VENTURES, INC.

Bougainville Venture Inc. is in the core business of converting irrigated farmland that was traditionally used to grow marginally profitable feed crops, to greenhouse-equipped farmland used to grow luxury crops with a primary focus on high-density and high-yielding crops. Bougainville is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Bougainville offers fully built out turnkey solutions to tenant-growers and provides growing infrastructure, as well as landlord services for licensed I-502 producers and processors in the state of Washington.

 

 


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Women’s March Floods Washington

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