Japanese yen continues to gain in Forex trading. Indeed, yen closed out 2011 at highs not seen for years — and not seen for a decade in the case of the euro. Japanese yen is in demand as continued global uncertainty sends traders looking for safe haven.

Japanese yen is leading the majors today as trading thins out during the second-to-last trading day of the year. In an interesting turn of events, equities have decoupled from their normal association with high beta currencies as the euro and the pound lose ground against the yen. US dollar is also down against the yen.

The Japanese yen gained today as worries about the European sovereign debt crisis still plague the Forex market, while Asian stocks fell, boosting demand for safer assets.

The Japanese yen is a little higher today, thanks to the strength of Japanese exports and gains made by the Nikkei today. Stock markets in the United States and many other major cities were closed today for holiday, but the Japanese markets were open, and the gains reflected optimism for the economy.

Japanese yen is lower today, heading lower as cautious optimism makes an appearance on the Forex market. Economic data in the United States came in better than expected, and that means the yen is not being used as a safe haven.

Japanese yen is falling today, heading lower on the news that the government is prepared to increase its intervention in the currency market. The Ministry of Finance is hoping for an extra 30 trillion yen for use in currency intervention operations.

Japanese yen is stronger against the US dollar today. In general, dollar is down against most other currencies as optimism improves on the news that jobless claims have dropped to significantly low levels. This same optimism is also prompting the euro to gain against the Japanese yen.

Japanese yen is mixed today in forex trading, gaining against the euro, but down against the dollar and the pound. With the concerns in the eurozone right now, it’s no surprise that the yen is higher against the 17-nation currency.

Japanese yen is gaining as sentiment reverses. Reports out of Europe are sending Forex traders looking for safe haven, and that is providing a boost to the yen against its counterparts.

Japanese yen is higher in forex trading this afternoon, after losing ground earlier. The initial excitement over the announcement from the eurozone is fading and the yen is gaining.