The Japanese yen fell today as fears on the Forex market eased, damping demand for riskier currencies. It was the first day of losses after the four-day rally versus the euro and the Great Britain pound.
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 04th, 2014 at 22:42
February 01st, 2014 at 0:14
Japanese Yen , Carry Trade
The Japanese yen continued to rise against other most-traded currencies as the market sentiment favored safe assets, making the Japanese currency more attractive for investors.
January 31st, 2014 at 4:33
The Japanese yen advanced as a set of good macroeconomic report was released from Japan today, suggesting that policy makers do not need to implement additional monetary stimulus and may even consider an exit from the current excessively accommodative policy.
January 29th, 2014 at 2:49
The Japanese yen fell today for a third straight session as monetary tightening in emerging economies made riskier currencies attractive yet again. Yesterday’s surprise move of Turkey’s central bank added to the confidence of Forex traders.
January 25th, 2014 at 1:41
Risk aversion is intensifying on the Forex market, making the Japanese yen one of the best performing currencies. It was a real surprise, considering how weak was the currency last year.
January 23rd, 2014 at 23:34
The Japanese yen jumped against the US dollar to the highest level in a week today as poor economic news from the United States resulted in speculations that the Federal Reserve will postpone the next round of stimulus cuts. The yen was also higher against some other major currencies, including the Great Britain pound, while trading flat versus the euro.
January 22nd, 2014 at 18:43
The Japanese yen was weaker today after the Bank of Japan maintained its monetary stimulus at today’s policy meeting. The drop was not particularly big against the US dollar and the yen was trading near the opening level versus the euro and the central bank did not expand stimulus.
January 21st, 2014 at 6:00
The Japanese yen attempted to rally yesterday as worsening Chinese macroeconomic indicators spurred risk aversion on the Forex market. The currency was not able to hold onto gains, though, and slipped to the opening level by the close of yesterday’s session and dropped today.
January 14th, 2014 at 23:37
The Japanese yen sank today as the nation’s current-account deficit widened, reaching the historic high level, leading to concerns that policy makers will be forced to take additional steps to spur economic revival in Japan.
January 10th, 2014 at 16:06
There is some speculation that the Japanese yen might have reached a bottom. The yen is currently trading higher against its major counterparts today. Some of it could be risk aversion, though. Even though European and Asian markets did well, US markets are struggling on the latest jobs data news.