Japanese yen is rallying against other majors today as risk aversion in the markets prompts an interest in safe haven. The yen is prized for its stability, even though it is a low yielding currency. Concerns about the eurozone are a big part of the uncertainty right now.

The Japanese yen fell this week as market sentiment was swinging back and forth among pessimism and optimism, but ended the week leaning to optimistic outlook for Europe and for the global economy in the whole.

US dollar is strengthening in Forex trading as concerns about the eurozone continue to weigh on world markets. Slightly disappointing data in the United States, along with worries that the debt crisis in Europe isn’t properly contained, are sending Forex traders looking for safe haven, and that is boosting the greenback.

It’s the end of the fiscal year for Japanese companies, and exporters are buying more to close things out. The result is that the Japanese yen is gaining against its major counterparts, helped along by the introduction of a certain amount of risk aversion on lackluster economic data from the United States and continued concerns about the eurozone.

Japanese yen is pulling back in forex trading today, heading lower as risk appetite improves. Yen is lower against other majors today as optimism about the global economy, as well as improvement in Europe, boosts high beta currencies.

The Japanese yen surged today as Forex market participants preferred to avoid risk and stick to safer assets, allowing the currency to continue its rally that followed more than a week of losses.

Risk aversion is dominating markets right now, but that isn’t keeping the yen from heading lower today. Instead of getting a boost as a safe haven currency, the Japanese yen remains lower against other majors this morning. It’s been an interesting day so far for the yen, as traders try to find their places.

The Japanese yen rebounded today as economists speculated that the currency fell too much to fast. The currency may also rise as investors remained a little cautious about the global growth, but fundamentals still remain somewhat unfavorable for the yen.

There’s a great deal of optimism going around the financial markets right now, and that means that there isn’t much need for the Japanese yen. With good news out of the United States, and remarks from Japanese leaders indicating that more easing could be on the way, the yen is well-positioned to retain much of its weakness in Forex trading.

The Japanese yen fell today versus the US dollar and the euro after European finance ministers agreed to provide a bailout for Greece and on speculations that US retail sales grew with faster pace last month.