The Japanese yen weakened today as prospects for additional stimulus from central banks of developed nations attracted investors to higher-yielding assets and reduced demand for safety.
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
April 24th, 2013 at 10:23
April 23rd, 2013 at 16:46
Slowing economic data out of China is weighing on high beta currencies, and helping support the Japanese yen against its European counterparts. Even with weakness expected moving forward, the yen is showing resilience right now.
April 22nd, 2013 at 19:08
Japanese Yen , US Dollar
US dollar is moving toward the 100 level against the Japanese yen. The G-20 meeting seems to have rubber-stamped the plans for more easing in Japan, and that could mean a breakthrough for USD/JPY at anytime.
April 22nd, 2013 at 9:11
The Japanese yen was under pressure from anticipation of more quantitative easing by the Bank of Japan, though the currency held ground versus the US dollar and even advanced against the yen today.
April 20th, 2013 at 4:58
The Japanese yen continue to fall, heading to its recent record lows, on anticipation of additional aggressive easing measures from the Bank of Japan after the Group of Twenty gave Japan the go-ahead to reflate its economy.
April 19th, 2013 at 4:37
The Japanese yen weakened today against all other most-traded currencies on speculations that the Group of Twenty will not accuse Japan of currency manipulations, allowing Japanese policy makers to push the currency further down.
April 17th, 2013 at 16:42
Japanese Yen , US Dollar
US dollar and Japanese yen are both gaining ground today, rising on safe haven demand. Concerns about the global economy are weighing on commodities and high beta currencies, and that is helping safe haven currencies.
April 15th, 2013 at 13:13
The Japanese yen strengthened today as unexpected slowdown of China’s economic growth spooked Forex market participants and increased demand for assets that offer safety.
April 12th, 2013 at 23:43
The Japanese yen closed higher against other most-traded currencies, failing to breach the 100 per dollar level and trimming weekly losses, as Forex traders felt aversion to risk amid uncertainty about global economic growth. Concerns about the eurozone are returning and the US economy has its share of problems.
April 09th, 2013 at 4:26
The Japanese yen paused its downfall today, but still trades near multi-year lows against other majors and is likely to continue experience weakness as the aggressive monetary policy erodes currency’s strength.