The Japanese yen saw a bearish trading session yesterday, losing ground against all of its currency crosses, except the US dollar. The JPY fell against the GBP and closed around 133.50. The yen also lost 130 points versus the EUR, ending Monday at 113.25, up from Friday's 111.95.
The JPY's trends will be affected by the rallies of its primary currency pairs today. It seems that the GBP and EUR are expected to continue trading volatile today with the release of a vast array of indicators.
Traders should keep a close look on the news coming from Britain and Europe as these economies will be the deciding factors in the JPY's movement today. It is also advisable for traders to follow any unexpected comments coming from key Japanese governmental figures, as this is also likely to lead to further JPY volatility.