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.
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
December 05th, 2014 at 9:26
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.
December 02nd, 2014 at 3:33
The Japanese yen rallied yesterday and maintained its gains today. The currency was under pressure after Moody’s Investor Service decided to cut Japan’s credit rating on Monday. The yen remained soft against the Great Britain pound.
November 21st, 2014 at 11:17
The Japanese yen rallied today after Japan’s Finance Minister Taro Aso commented on the recent slump of the currency, saying it was too quick.
November 19th, 2014 at 12:57
The Japanese yen reached fresh multi-year lows today even though the Bank of Japan decided to keep its monetary policy unchanged, refraining from additional stimulus. It looks like negative factors are just too strong, muting any good news for the currency.
November 18th, 2014 at 13:22
The Japanese yen slipped against the majority of most-traded currencies today after a speech of Japanese Prime Minister Shinzo Abe. The currency managed to trim losses against some of its peers and to erase them completely against others.
November 14th, 2014 at 13:59
The Japanese yen weakened today, trading near the lowest level for this year against the euro and reaching the weakest rate in more than seven years versus the US dollar. Traders have plenty of reasons to sell the yen and few to buy the currency.
November 13th, 2014 at 1:02
The Japanese yen traded a little lower against the US dollar and the euro after the release of mixed data from Japan at the start of the current trading session. The currency is still under pressure from prospects for additional monetary stimulus but at the same time is supported by need for safety among investors.
November 12th, 2014 at 4:41
The Japanese yen was rising during the Asian trading session today, though the currency retreated closer to the opening level as of now. The rally was triggered by comments from members of the central bank about potential timing for dropping monetary stimulus.
November 05th, 2014 at 6:23
The Japanese yen fell against almost all major currencies as comments of the central bank’s chief resulted in speculations that monetary easing will remain in place for a long time and additional monetary stimulus is possible.