Yen Slips Againts Dollar Today

Yen slumped from a high level, four months after the Central Bank of China (PBoC) calm the jitters of investors by means of strengthened the exchange rate of the Yuan against the u.s. dollar on Monday (6/01) after a period of almost one month. PBoC raised the reference rate of the Yuan took as much as 0.07 percent, the highest since December 21 and after attenuationrate that shook markets earlier this month.

China, which is scheduled to be back on the economic data released this week, is expected toagain spread the weakness with the GDP growth likely will only grow 6.9 percent, according toforecasts of economists.

"The market is a bit muffled following the determination of the exchange rate of the Yuan," said Sam Tuck, a currency Strategist at ANZ New Zealand interviewed by Bloomberg. "They are still a little nervous, but remain on standby to see how economic data will be reported tomorrow.

The yen weakened 0.2 percent to 117.21 per U.s. dollar this afternoon in Tokyo after terapresiasidii numbers 116.51 on Friday last weekend.

In addition, the Governor of the Central Bank of Japan (of the BoJ), Haruhiko Kuroda, speaking  in the presence of the managers of the companies in Japan today about loose monetary policyw ill continue to be closely watched by policy makers and adjusted if necessary. Kuroda also again repeating his statement that mentioned that Japan's economy will be moderate and the body as a target for inflation of 2 perse will be achieved.

Japan's Industrial Production Data

Recently, the Ministry of economy, trade and Industry Japan released the final revision of thedata about the index-index of industrial production for the month of November 2015 observedhigher 1.1 percent than the previous one, while the Tertiary Industry Index data of Japanreported declining 0.5 percent in November, compared with 0.9 percent in the previousposition.

Another comment about the USD/JPY came from Shinichiro Kadota, i.e., USD/JPY will still bemoved by risk sentiment, while its own risk sentiment suffered from the risk of global trends.