JPY index was one of the best performers last week. It lagged behind the indices of other two oceanic currencies, the aussie and the kiwi, came virtually at par with loonie index, and outperformed all the other analysed currency indices. JPY index started gaining ground right from the beginning of the period after the release of the Japanese Housing Starts numbers which allowed to end the day 0.94% above the base value. Disappointing European and US data on Monday helped JPY to gain further and reach period high gains (1.99%) at the second part of the day. Japanese Monetary Base numbers at the end of the day, however, started dragging the index lower. Tuesday's data releases seemingly had no influence on this.