The Japanese yen completed yesterday's trading session with mixed results versus the other major currencies. The JPY fell against the USD yesterday, pushing the oft-traded currency pair to 82.95. The JPY experienced similar behavior against the EUR as the pair closed at 111.65 by day's end. The yen did see some bullishness, however, as it gained over 30 points against the CHF and closed at 85.67.
The JPY's trends will be affected by the rallies of its primary currency pairs today. It seems that the USD and EUR are expected to continue a volatile trading session, especially against the Japanese currency. Traders should keep a close look on the news coming from the U.S. 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.