Japanese yen is seeing some strength today, thanks in large part to an upbeat economic report. Also helping the yen is a bit of a departure from the earlier risk-on sentiment of the market.
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
October 19th, 2015 at 14:32
October 14th, 2015 at 14:13
Yen is pulling back a little bit today following yesterday’s gains. While the yen is still higher against an ailing greenback, it is lower against its European counterparts again.
October 09th, 2015 at 13:11
Japanese yen is lower today, dropping after yesterday’s Eco watchers survey offered mixed results. Yen moved briefly higher against the dollar, but the currency is down again, and losing ground to all its major counterparts. Traders are looking forward to next week’s data.
October 08th, 2015 at 11:32
The Japanese yen was mixed during Thursday’s trading session following the release of economic data from Japan. The currency was up against the US dollar but down versus the Japanese yen.
October 07th, 2015 at 11:13
The Japanese yen gained today following the monetary policy of Japan’s central bank. The bank refrained from making its policy more accommodative as some analysts had expected, thus supporting the currency.
October 06th, 2015 at 15:01
Japanese yen is mostly lower today, dropping as many expect the Bank of Japan to ease its monetary policy at some point this month. While there is a policy meeting set for today and tomorrow, another is set for October 30.
October 02nd, 2015 at 18:29
The Japanese yen was very soft today following a bunch of mixed economic reports released from Japan during the Asian trading session. The currency had attempted to rise after the release of US non-farm payrolls, but the attempt has failed and the yen kept gains only versus the US dollar (as of now USD/JPY has actually bounced back to the opening level).
September 30th, 2015 at 1:40
The Japanese yen back off today following yesterday’s rally as markets calmed somewhat and demand for safety abated. Worse-than-expected macroeconomic reports from Japan also contributed to the retreat of the currency.
September 25th, 2015 at 17:36
The Japanese yen was soft today after data showed that Japan slipped back into deflation, giving incentive for the Bank of Japan to expand the already extensive monetary stimulus.
September 24th, 2015 at 14:59
Japanese yen is heading higher against its major counterparts today as safe haven demand increases. A number of concerns are causing a bit of risk aversion and the yen is in demand as Forex traders look for a bit of safety.