USDJPY Yen Steady as Political Storm Engulfs Washington
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”.
Japanese Yen | Data | Chart | Calendar | Forecast | News
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.
|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
|114.10||113.66||306.84||75.74||1972 – 2017||Daily|