The Yen saw mixed results against the major currencies during last week's trading session. The Yen strengthened against the Dollar and the EUR, and only failed to rise against the Pound.
Several positive economic publications from Japan supported the Yen during last week's trading. The Japanese Leading Indicators Index rose by 89.7% on October. This index is designed to predict the direction of the Japanese economy. It is a combination of 12 economic indicators related to employment, production, new orders and more. The extremely positive figure has shown that the Japanese economy is indeed recovering, and as a result boosted the Yen.
As for the week ahead, traders should look forward to the Tertiary Industry Activity report on Tuesday. This report measures the change in the total value of services purchased by businesses. If the end result will reach expectations for a 0.5% rise in October, this may support the Yen further.