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.
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
February 16th, 2015 at 12:29
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.
January 30th, 2015 at 0:23
The Japanese yen was stable at the early Friday’s trading even though macroeconomic reports from Japan were far from being good for the most part. The currency demonstrated losses against other majors during the previous trading session.
January 21st, 2015 at 14:00
The Japanese yen climbed today after the Bank of Japan refrained from adding monetary stimulus during today’s policy meeting. The currency rose for the first time in four days against the US dollar, jumping as much as 1.2 percent. The yen also climbed 1.4 percent against the Great Britain pound.
January 16th, 2015 at 11:35
Yesterday, the Japanese yen saw gains as jitters sent Forex traders to safe havens, and as reports came in about a reduction in trade deficit. Today, though, many majors have recovered against the yen, and the currency is mostly lower.
January 08th, 2015 at 5:49
The Japanese yen dropped today, falling for the second day, as the market sentiment improved a bit due to positive economic data from the United States as well as because of the rally of stocks and crude oil.
January 07th, 2015 at 0:10
The Japanese yen retreated a bit today following yesterday’s rally. The currency remains relatively strong though thanks to wide-spread demand for safe currencies among Forex market participants.
January 06th, 2015 at 2:50
The Japanese yen rallied today as the decline of prices for crude oil and the subsequent drop of stocks prompted investors to seek out safe alternatives. The yen, being considered a safe currency, was a logical choice.
December 30th, 2014 at 12:18
The Japanese yen rallied today, rising against all of its major peers, as the risk-negative market sentiment spurred traders to seek safer assets. The currency demonstrated the biggest gain in two weeks versus the US dollar.