Thu, 25 Nov 2010 00:00:00 +0100

JPY Sees Mixed Results versus the Majors

The Yen completed yesterday's trading session with mixed results versus its major currency pairs as investors are choosing the Dollar over the Yen for a safe haven trade. The JPY fell against the USD and closed around 83.45. However; the Japanese Yen rose almost 100 pips versus the EUR, closing at 111.40. Looking ahead to today, the news event that may have a very large impact on the JPY and its main currency pairs in today's trading is the Tokyo Core CPI around 23:30 GMT. This report is likely to Impact the JPY volatility. Traders should pay close attention to the market as there is an opportunity for traders to capitalize on the fluctuations which are likely to follow this release.

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