Japanese yen is lower today, falling against most major currencies. Data from the United States and Europe isn’t dire enough to support the yen, and there are plenty of reasons for continued yen weakness at this point.
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
August 15th, 2014 at 14:49
August 07th, 2014 at 14:10
Japanese yen is mostly lower again, following a brief surge earlier. Thanks to a temporary demand for safe haven assets, as well as stop-loss order executions earlier, the yen saw a brief surge. Now, though, the yen is settling down, and is mostly lower.
July 30th, 2014 at 19:26
The Japanese yen weakened today, touching the lowest level since April against the US dollar, as economic data from both the United States and the eurozone was mostly good, making the currency unnecessary in its role of a safe haven.
July 30th, 2014 at 4:30
The Japanese yen remained unmoved by the release of industrial production data today. The currency traded mostly sideways yesterday, though it fell together with its major counterparts versus the US dollar.
July 18th, 2014 at 11:51
The Japanese yen declined today, following the three-day rally against the euro, as the Forex market calmed after the initial surge of risk aversion and safe assets started to lose their value that they have gotten with risk premium.
July 17th, 2014 at 13:40
Japanese yen is heading higher today as risk aversion becomes an issue. Concerns stemming from Janet Yellen’s remarks before Congress yesterday are sending high beta currencies lower, and boosting the Japanese yen.
July 14th, 2014 at 15:14
Investors are feeling somewhat more courageous right now as fears, sparked by the problems in Portugal’s banking sector, waned and speculations resumed about a prolonged period of accommodative monetary policy in the United States. As a result, Forex market participants were less interested in buying safe currencies, including the Japanese yen.
July 11th, 2014 at 13:54
Risk aversion continues to be a theme in the markets today, and the Japanese yen is moving higher as a result. Even with the latest mixed data out of Japan, the yen is heading higher against its counterparts as stocks struggle and as concerns about the eurozone once again come to the fore.
July 03rd, 2014 at 13:24
The Great Britain pound fell against the US dollar today after the gauge of the services sector fell more than was expected. The sterling is still trading near the highest level since 2008 and was able to maintain its gains versus the Japanese yen.
July 01st, 2014 at 11:04
The Japanese yen tumbled today, reaching the lowest level since January against the Great Britain pound, as the Tankan survey showed a worsening sentiment in both manufacturing and non-manufacturing sectors.