Currencies  |  February 26, 2013 22:00:34

Japanese yen strengthens unexpectedly!


At all pairs linked to the Japanese yen can observe a significant strengthening of the yen.
In the period ending the current government and BOJ governor prospective onset of new Japanese Prime Minister asserted, Haruhiko Kuroda, it is a special preview of markets on the whole situation. The new governor does not conceal its aggressive policy on the release of the currency and thus a further decline in the yen in currency pairs.

Macroeconomic data would strengthen the yen fluctuation should not have an effect, especially this week, when many reports from Japan and when he did not come, so thus far had only minor importance to the markets.
Tomorrow at 0.50, our time, will be published macro data regarding retail sales as a monthly index on Thursday at the same time leading indicator preliminary PMI manufacturing and industrial production data. Follows at 6 am our time indication of new homes under construction. On Friday, again a few minutes after the start of the day, data on Japanese household spending, unemployment rate, consumer price indices Tokyo and nationwide, and the value of capital expenditure and investment firms.

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