The Japanese yen climbed today after the Bank of Japan refrained from adding monetary stimulus during today’s policy meeting. The currency rose for the first time in four days against the US dollar, jumping as much as 1.2 percent. The yen also climbed 1.4 percent against the Great Britain pound.
Bank of Japan — News Archive
The US dollar demonstrated exceptional performance in 2014. Can the greenback maintain its amazing rally in 2015 or correction is in order?
January 07th, 2015 at 0:10
The Japanese yen retreated a bit today following yesterday’s rally. The currency remains relatively strong though thanks to wide-spread demand for safe currencies among Forex market participants.
December 26th, 2014 at 19:22
The Japanese yen fell against the US dollar and the Great Britain pound today due to negative macroeconomic data. The drop was small, and the currency managed to gain against the euro.
December 20th, 2014 at 10:17
This week was important for the Forex market and the US dollar in particular. The Federal Open Market Committee held its last policy meeting in 2014, and it could make or break the future for the US currency. As it turned out, the event was beneficial for the greenback.
December 19th, 2014 at 13:49
The Japanese yen dropped after the Bank of Japan decided to keep its unprecedented monetary stimulus at today’s policy meeting. The currency trimmed its losses later but still trades below the opening level.
December 05th, 2014 at 9:26
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.
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.
It looks as though another round of currency wars is expected from central banks as countries try to stimulate their economies by weakening their currencies. One of the exceptions to this move, though, is likely to be the US dollar. With the US economy strengthening recently, it is unlikely that the greenback will be a part of the next race to the bottom.
November 24th, 2014 at 15:18
The New Zealand dollar attempted to rally against its US counterpart but failed and trades below the opening level right now. At the same time, the currency managed to maintain gains versus the Japanese yen.