The Japanese yen was flat versus the US dollar and gained on the euro after the Bank of Japan concluded its policy meeting followed by a press-conference.
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
June 19th, 2015 at 13:30
June 18th, 2015 at 12:58
Japanese yen is heading higher against its major counterparts today, gaining ground as policymakers continue their two-day meeting.
June 10th, 2015 at 8:10
The Japanese yen soared against the US dollar, climbing more than 1 percent, after the comments from central bank’s chief Haruhiko Kuroda. The yen performance against other currencies was not as impressive, though the Japanese currency still traded above the opening level.
June 08th, 2015 at 9:40
The Japanese yen logged gains today after the final revision of the nation’s economic growth has turned out to be better than analysts had expected. The yen gained against such currencies as the US dollar and the Great Britain pound.
June 05th, 2015 at 11:02
Japanese yen is mostly lower today, falling against many of its counterparts. While Japanese officials like the yen weak since it helps the economy, there are concerns that a continued policy of yen weakness could complicate matters with the United States.
May 29th, 2015 at 9:58
The Japanese yen gained on the US dollar and the Great Britain pound today as macroeconomic data from the Asian country was mostly positive, increasing appeal of the currency to investors.
May 27th, 2015 at 15:07
The Japanese yen was weaker after the Bank of Japan policy minutes released earlier today. While the currency attempted to trim losses intraday, it resumed the decline as of now.
May 26th, 2015 at 13:11
The Japanese yen was the weakest major currency during today’s trading session. The yen slid not only against other majors, like the US dollar, but against commodity currencies as well.
May 25th, 2015 at 16:17
The Japanese yen was flat against the US dollar and gained on the euro after trade data from Japan had been released. Initially, the currency weakened against the greenback following the release but bounced later and is trading close to the opening level right now.
May 22nd, 2015 at 12:19
The Japanese yen was stronger after a central bank’s policy meeting today as Japanese policy makers yet again decided to refrain from changing anything. The currency gained against the US dollar and the Great Britain pound, though it has trimmed gains versus the former as of now.