The Japanese Yen has had a very good week as investors continue to curb their risk appetite.
There will be a lot of Japanese economic data released next week, but it remains to seem whether this data will matter for the Yen. Money Supply and Broad liquidity figures are expected to be unchanged, as BoJ officials remain reluctant to increase liquidity in fears of fueling further inflation. In contrast, Bank lending and Machine Tool Order figures should decline, as businesses remain skeptical about global demand, and contain themselves from expanding. Bankruptcies and Eco Watchers Survey figures should be gloomy, as dejected consumers cut back on spending, and in the process hurting overall business sentiments, as local demand for products continues to decline. Near the end of the week, Machine Order, GDP and Consumer Confidence figures should help confirm investor fears that the once recovering economy has slowed again.