This is an older news update for the Japanese yen. Click here to view the latest daily update.

Japanese yen daily update for 27th November 2017

BY DEB SHAW | 

The yen is slightly stronger this morning. While the yen is gaining against the US dollar, it has strengthened the most against the Australian dollar. As doubts regarding future inflation increase, global bond yields have been falling. Given the yen's sensitivity to interest rates, the currency is stronger as a result. As this week includes Core PCE figures in the US and Eurozone CPI numbers, the yen may break out of its bullish pattern if inflation numbers are stronger than expected. For now, our outlook remains bullish. 

USD/JPY is currently trading just above 111.30. Looking at the euro vs. the yen, EUR/JPY is up and is currently trading above 132.80. 

This is a fairly light week for economic data releases relating to the yen. On Wednesday, we'll see Large Retailer's Sales and Retail Trade. On Thursday, we'll get cross-border stock and bond investments. Finally on Friday we'll see National CPI, the unemployment rate and household spending. Last week, the trade balance missed estimates. 

Updated 
Short term outlook
Bearish
Medium term outlook
Bearish

Subscribe to the MarketsNow Japanese yen daily update