Japanese yen is heading lower today as risk appetite makes an appearance. Also weighing on the yen is more talk about possible intervention to keep the yen weak against its currency counterparts.
Jun Azumi — News Archive
September 25th, 2012 at 12:54
After showing general strength earlier, the Japanese yen is now weakening against its European counterparts. Yen is still stronger against the US dollar, but against the euro and the United Kingdom pound, the Japanese yen is lower.
September 14th, 2012 at 14:40
Japanese yen is headed lower today, dropping as risk appetite is the focus of many Forex traders following the quantitative easing announcement out of the United States. Earlier, Japanese leaders downgraded the assessment for Japan’s economy, and that is weighing a bit as well.
June 05th, 2012 at 23:07
The Japanese yen dropped today after Finance Minister Jun Azumi said that the Group of Seven is not going to object interventions to contain big currency move. That leaves room for more attempts to weaken the currency by the Bank of Japan.
May 31st, 2012 at 12:25
Japanese yen is on the rise again, heading higher as concerned Forex traders look for safe haven assets. The yen is considered one of the safer currencies, and with all of the turmoil and uncertainty in Europe, it is one of the currencies of choice.
May 25th, 2012 at 12:54
The Japanese yen continues to appreciate against European currencies, thanks to the uncertainty in Europe. Concerns about what’s next for the eurozone are weighing on risk, and the Japanese yen is once again being used as a safe haven currency.
April 23rd, 2012 at 13:15
The Japanese government continues to make it clear that it is ready to intervene in the currency markets in order to keep the yen weak against other currencies. Once again, as concerns about the global economy surface, and as risk aversion sets in, the Japanese yen is gaining strength. This state of affairs is undesirable, and Japanese policymakers insist they are ready to intervene to weaken the yen if need be.
February 17th, 2012 at 14:49
Japanese yen is falling today, heading lower on a general feeling of risk appetite in the markets. Earlier this week, Japanese leaders used funds to buy other currencies in order to keep the yen lower, and today demand for riskier assets is encouraging yen weakness.
February 01st, 2012 at 15:38
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.
Japanese yen continues to gain in Forex trading. Indeed, yen closed out 2011 at highs not seen for years — and not seen for a decade in the case of the euro. Japanese yen is in demand as continued global uncertainty sends traders looking for safe haven.