Japan — News Archive

Japanese Yen Gets a Boost on Greece

Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today.

Euro Heads Lower after Recent Rally

Euro has been showing strength against the US dollar recently, but uncertainty is creeping into the markets. As a result, risk aversion is making an appearance, and the euro is heading lower against the US dollar, as well as heading lower against the Japanese yen and even the Great Britain pound.

Yen Reverses Losses vs. Euro as Risk Appetite Leaves FX Market

The Japanese yen rose today, reversing yesterday’s losses against the euro, as positive mood slowly leaves the Forex market and traders once again seek safety in safe-haven currencies.

Japanese Yen Higher Against the US Dollar

Risk appetite is coming to the Forex market, sending high beta currencies higher. And, normally, this would mean that the US dollar would also be higher against the Japanese yen. Today, though, the yen is higher against the greenback. Weaker than expected US data is sending the dollar lower, and the yen is near three-month highs against the greenback.

Europe Causes Concerns, Makes Yen Preferred Currency for FX Traders

The Japanese yen jumped today amid growing concerns about a potential outcome of the European Union leaders’ meeting, especially about the uncertain future of Greece.

AUD Rises Even as Inflation Stalls, Reaches Record vs. JPY

The Australian dollar strengthened today even after a report showed that nation’s consumer price inflation stalled in the fourth quarter of 2011. The currency reached a record high since November against the yen as Japan’s trade deficit widened.

Yen Goes Down as European Manufacturing & Services Improve

The Japanese yen declined today after positive data about European manufacturing and service industries reduced demand for safety of Japan’s currency.

Japanese Yen Mixed as Uncertainty Creeps In

Japanese yen is mixed today, heading higher against the euro, but lower against the US dollar and the UK pound. Uncertainty about Greece is creeping into the picture, weighing on the euro, but there is enough good news — so far — that other high beta currencies are maintaining their gains.

US Mostly Lower as Risk Appetite Makes an Appearance

US dollar is mostly lower today, especially against high beta currencies. Risk appetite is making an appearance, and Forex traders and others are looking for higher yields. There is some optimism about the US economic recovery, as well as hopes for an improved global economic situation.

Spain & Greece Successfully Sell Debt, EUR/JPY Advances, USD/JPY Down

The Japanese yen rose against the dollar, but fell versus the euro today as sentiment about the situation in Europe improved after Spain and Greece successfully auctioned their debt, reducing demand for safer currencies.

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