After 3 days of gains, the Japanese currency weakened against the dollar and the euro before an eventual trade deficit that may be reported by the government for the last month period.

An economic report showed that the Chinese economy had the slowest growth in almost a decade, this favored the yen against high-yielding currencies.

The decline in the Japanese stock market spurred a wave of growth for the Japanese yen today as the investors still unsure whether the recession trends are over or not yet.

Both the U.S. dollar and the Japanese yen continued their growth on the Forex market today as the yesterday’s stock trading sessions were negative and today’s Asian session ended in the red zone.

The Japanese currency rose from the local bottom levels against all other major currencies today after the stock markets fell yesterday and the outlook for today’s sessions remain bearish.

The Japanese yen declined today against the other major currencies as the stock markets corrected after the yesterday’s fall and the yen became too overbought.

The Japanese yen rose against all other major currencies today as the traders reacted on the possible bankruptcy of the U.S. automakers and the global optimism for the emerging stock markets and the high-yielding currencies declined.

The Japanese yen declined against the other major currencies today as the Forex traders speculated that the U.S. plan to buy out the toxic assets is going to hurt the «safe haven» currencies, spurring the risk-hungry carry trade.

The yen declined for the third day in a row against the dollar, the euro and the pound today as the Bank of Japan decided to buy the government debt and the stock markets rose during the Asian trading session.

The Japanese yen rose against the U.S. dollar for the third day in a row today as the global recession boosted the demand for the «safe haven» currencies, decreasing the attractiveness of the high-yielding assets.