Bank of Japan — News Archive

Yen Extends Drop After BoJ Minutes

The Japanese yen fell today after the Bank of Japan released minutes of its August meeting. The yen fell even against such currencies as the euro and the Great Britain pound, against which it was rallying last week.

Japanese Yen Mostly Lower After GDP Data

Japanese yen is mostly lower against its major counterparts today, following the latest GDP data. With the GDP for quarter two growing less than expected, renewed calls for stimulus are dominating the rhetoric.

JPY Bounces After Touching Six-Year Low vs. USD, Loses Ground to EUR

The Japanese yen traded near the opening level against the US dollar after touching the lowest rate since October 2008 earlier today. The currency is losing ground versus the euro following yesterday’s massive gains.

Yen Recovers After BoJ, Remains Soft vs. Dollar

The Japanese yen recovered a bit after earlier losses today after the Bank of Japan announced no changes to its monetary policy. While the currency remained soft versus the US dollar, it pared losses against some other majors.

Yen Weakens Ahead of BoJ Policy Announcement

The Japanese yen weakened today against other most-traded currencies at the early Asian session ahead of the Bank of Japan monetary policy announcement. For now, losses are not big and are not enough to erase yesterday’s gains.

Japanese Yen Mostly Lower After Services Data

Japanese yen is mostly lower today, following the release of the latest services PMI data. Additionally, expected changes to the government’s investment fund are expected in the coming weeks, and that is also having an impact.

Japanese Yen Lower Today

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.

Japanese Yen Moves Higher After May CSPI

Japanese yen is higher today, gaining ground against its major counterparts, following the release of May CSPI data. With concerns about what might be next on a global scale, there is a bit of an interest in safe haven. On top of that, with signs that the Japanese economy is recovering, there are some thoughts that the Bank of Japan won’t need to keep the yen weak.

Second Week of Gains for Sterling with Help of Employment & BoE

The Great Britain pound was the second-best performer on the Forex market this week after the New Zealand dollar. It was the second week of gains for the sterling. The UK currency was gaining on the euro for eight consecutive sessions — the longest stretch of gains since April 2010.

Yen Weakens as Kuroda Worried About ECB Actions

The Japanese yen dropped today even as the Bank of Japan refrained from expanding its already significant stimulus program at today’s policy meeting. Japanese policy makers were concerned that actions of the European Central Bank will make the yen appreciate against the euro, and this would not be welcomed by the BoJ officials who were striving to weaken the Japanese currency.

Archives

SUBSCRIBE

Follow Top Forex News on Google+ G+