The Japanese yen followed the US dollar in a rally ahead of next week’s monetary policy meeting of the Federal Reserve. The yen demonstrated gains against most other major currencies, with the obvious exception of the dollar against which the Japanese currency was flat.
The yen is the official currency of Japan. It was introduced in 1871 and allowed to freely float at 1973. The yen is the third major reserve currency after the dollar and the euro. The yen is considered a safe currency; therefore it is sought by traders in times of uncertainty and instability. Low interest rates in Japan (near zero), combined with high liquidity of the currency, make the yen used in the practice called carry trade.
Japanese Yen News Archive
March 13th, 2015 at 15:13
March 09th, 2015 at 22:49
The Japanese yen dropped today as it followed the US dollar in reversing Friday’s gains. Economic data from Japan was another reason for the currency to fall as indicators disappointed economists.
March 05th, 2015 at 14:36
The Japanese yen was extremely weak today despite uncertainty about the policy decision of the European Central Bank. The currency dropped against the US dollar and was also falling versus the euro but bounced against the shared European currency after the ECB meeting.
March 02nd, 2015 at 13:27
Japanese yen is mostly lower today, weakening as the Chinese rate cut announced recently causes Forex traders to consider what’s next.
February 24th, 2015 at 13:49
The Japanese yen fell today even though the nation’s corporate services price index last month. The possible reason for the drop is that the growth of the index was not as big as analysts promised.
February 23rd, 2015 at 9:44
The Japanese yen was stable today after the release of the Bank of Japan monetary policy minutes. At the same time, the yen rallied together with other currencies against the euro.
February 19th, 2015 at 11:35
The latest news out of Japan shows a smaller than expected trade deficit for the month of January, thanks to more exports and lower oil and gas prices. However, the yen is still lower against its major counterparts, trading on concerns about economic recovery.
February 16th, 2015 at 12:29
Even though the GDP report for Japan wasn’t as optimistic as hoped for, there is evidence of recovery, and that is helping the yen a little bit today in Forex trading. Yen is higher against its major counterparts.
February 10th, 2015 at 20:49
The Japanese yen dropped against its major counterparts today even as the market sentiment was not particularly favorable to risk and should have boosted safe haven assets.
February 04th, 2015 at 11:18
Japanese yen is holding on to some of its earlier gains, remaining higher against some of its major counterparts. However, there is still talk from Japanese policymakers that have the effect of weighing on the yen a little bit.