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.
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
January 08th, 2015 at 5:49
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.
December 26th, 2014 at 19:22
The Japanese yen fell against the US dollar and the Great Britain pound today due to negative macroeconomic data. The drop was small, and the currency managed to gain against the euro.
December 19th, 2014 at 13:49
The Japanese yen dropped after the Bank of Japan decided to keep its unprecedented monetary stimulus at today’s policy meeting. The currency trimmed its losses later but still trades below the opening level.
December 15th, 2014 at 10:58
The Japanese yen rose against other majors today, though the currency retraced its gains versus the US dollar as of now. The rally followed the victory of Japan’s Prime Minister Shinzo Abe in the snap elections over the weekend.
December 08th, 2014 at 21:34
The Japanese yen bounced from multi-year lows today as the nation’s current account demonstrated a surplus that was about two times as big as forecasters have predicted. The currency managed to rally even as Japan’s economy continued to decline.
December 05th, 2014 at 9:26
The Japanese yen fell today against other most-traded counterparts. The currency fell yesterday below the 120 per dollar level for the first time since July 2007. The yen also touched the lowest level since October 2008 versus the Great Britain pound.
December 04th, 2014 at 11:29
Yen continues to weaken against its major counterparts, falling lower on comments about inflation. It’s also not helping today that there seems to be a degree of risk appetite that means a lower yen in general.