Good news emerges from Japan as above-par production figures were released earlier today and have helped boost outbound currency-exchange rates on the Yen.
The release for Japanese industrial production figures surpassed original estimates for 1% for March with 1.3% month-on-month growth. The data given by the Ministry of Economy, Trade and Industry provides a benchmark for the manufacturing sector and the bullish results have helped push trading prospects moving forward.
There has been an increasing speculation that the Yen is a safe haven for investors as Japan have notoriously low lending rates, follow a similar trading pattern the USD and continues to strengthen amidst a time of relative global downturn.
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