The JPY saw a bearish trading session yesterday, losing ground against most of its currency crosses. The JPY fell sharply against the EUR, pushing the oft-traded currency pair to 113.45. The Japanese yen experience similar behavior against the GBP and closed at 133.50.

Today, the JPY will be absent from the economic calendar, and traders should follow overseas events in order to determine the JPY's direction for today. Special attention should be given to the U.S. Unemployment Claims that will be published at 13:30 GMT, and will be today's leading publication which will also affect the yen's crosses.