The Japanese Yen crosses are all stronger today as the Dow ends the US trading session in positive territory. The stock index was down as much as 120 points intraday off of concerns in the financial sector, but it has since recovered all of those losses.
Expect the Japanese Yen crosses to continue to move in lockstep with the Dow – there is no reason for this relationship to change in the near future. The Japanese economic calendar is light next week with only leading indicators, machine orders and the Eco Watchers survey due for release.