The JPY saw mixed results yesterday as European currencies led the market. With the euro bearish against most of its rivals, the EUR/JPY also moved down mildly to open today's Asian session just below 109.80. Against the USD, the yen remained in a bearish, range-trading pattern. The pair ended Monday at 82.56.

 

Japan published its household confidence report yesterday which revealed a slight decrease in household sentiment, but not enough to impact the yen in any significant way. The Tertiary Industry Activity report expected tonight at 23:50 GMT will help signal the level of demand for Japanese industrial goods and provide better direction for the island currency. Until then, traders should follow the news from Europe and the United States for an accurate assessment of JPY values.