The Japanese yen was extremely weak last week. The market sentiment was favorable to the currency initially, but it sharply turned negative for the yen after the European Central Bank refrained from additional stimulus and was relatively optimistic about the future of the European economy. The better-than expected US non-farm payrolls did not help the Japanese currency either. But what about this week?
Bank of Japan — News Archive
February 18th, 2014 at 13:40
The Japanese yen was very weak today after the Bank of Japan maintained monetary accommodation unchanged and boosted the lending program, increasing its term at the same time.
February 17th, 2014 at 14:11
The Japanese yen fell today as the nation’s economy disappointed traders, growing slower than was predicted. This led to speculations that policy makers will introduce additional monetary easing and take actions to prevent strengthening of the currency.
January 25th, 2014 at 1:41
Risk aversion is intensifying on the Forex market, making the Japanese yen one of the best performing currencies. It was a real surprise, considering how weak was the currency last year.
January 22nd, 2014 at 18:43
The Japanese yen was weaker today after the Bank of Japan maintained its monetary stimulus at today’s policy meeting. The drop was not particularly big against the US dollar and the yen was trading near the opening level versus the euro and the central bank did not expand stimulus.
January 14th, 2014 at 23:37
The Japanese yen sank today as the nation’s current-account deficit widened, reaching the historic high level, leading to concerns that policy makers will be forced to take additional steps to spur economic revival in Japan.
January 10th, 2014 at 16:06
There is some speculation that the Japanese yen might have reached a bottom. The yen is currently trading higher against its major counterparts today. Some of it could be risk aversion, though. Even though European and Asian markets did well, US markets are struggling on the latest jobs data news.
January 08th, 2014 at 14:08
Yen is lower against most of its major counterparts today, dropping as continued easing from the Bank of Japan is expected. Even with some of the recent improvements to the Japanese economy, “Abenomics” is expected to continue, and that means long-term yen weakness.
December 28th, 2013 at 5:53
The Japanese yen ended Friday with losses even though macroeconomic data from Japan was very positive, making it less likely for the nation’s central bank to introduce additional monetary accommodation.
December 26th, 2013 at 9:14
The Japanese yen opened sharply lower today as some policy makers were worried about slowing economic growth. Such worries suggest that the central bank will continue to pursue the path of monetary easing to spur growth.