The Japanese yen gained today even though economic data that came out from Japan at the current trading session was not particularly good. The possible reason for the rally is risk aversion that followed the policy announcement from the Federal Reserve.
Bank of Japan — News Archive
October 27th, 2014 at 10:48
Japanese yen is heading higher against its major counterparts today, getting help from the latest economic data. With an improvement in data, there is the thought that maybe the Japanese government won’t be quite so aggressive at pursuing weakness for the yen.
October 07th, 2014 at 12:38
The Japanese yen edged higher after the Bank of Japan concluded its two-day policy meeting today. As was expected, the central bank did not add stimulating measures to its already extremely accommodative monetary policy.
September 26th, 2014 at 10:41
Japanese yen is lower against its major counterparts following the release of the latest inflation data. The Japanese economy continues to struggle, and that means that policymakers are likely to continue to pursue a course that includes keeping the yen weak.
September 09th, 2014 at 6:26
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.
September 08th, 2014 at 10:28
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.
September 05th, 2014 at 12:25
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.
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.
September 04th, 2014 at 1:15
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.
September 03rd, 2014 at 10:42
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.