Without Economic Data for Guidance, Yen Hits Four-Week High vs. USD

Ohhhh the yentels..lol

There are no Japanese indicators scheduled for release during the early part of Tuesday’s Asia-Pacific session. Indeed, the first release for the island nation won’t be launched upon markets until 11:00 p.m. EST on Monday night, when Japanese condominium sales for December will be released. In November, they increased an annualized 10.8%. Following that, at midnight EST, Japanese consumer confidence for December will be released. The month before, a 39.9 level was revealed. Despite the dearth of data for Japan, the yen recently strengthened to its best level against the greenback in four weeks. USD/JPY has slumped to 90.52, its worst rate versus Japan’s currency since Dec. 21, when it touched 90.16. Beyond that, support for the cross lies down at 88.97, hit on Dec. 18.