Japanese yen is moving higher against its major counterparts today, gaining some ground as questions about the recent easing policies come to light. Some think that the recent (and dramatic) drop in the yen was too much, and now there is a bit of a correction, sending the yen higher against other currencies.

The Japanese yen climbed today against most major currencies as signs of global economic slowdown made investors seek safety, sending stocks and commodities down together with currencies related to growth.

US dollar is down against most of its major counterparts on what many consider profit taking right now. With Forex traders preparing to reposition themselves in light of the next round of economic data and predictions for central bank movements, it is little surprise that some profit taking is happening.

The Japanese yen fell today on outlook for continuing accommodation from the Bank of Japan that will push the currency to the downside. Weaker currency is one of the aims of the central bank that should support economic recovery.

The Japanese yen ended Friday with gains as risk aversion attracted investors to the perceived safety of the currency, allowing the yen to move away from multi-year lows that it has reached recently.

Ben Bernanke may be daring investors to buy stocks, but this attempt at encouraging an investment in risk assets doesn’t seem to be working out today. Risk aversion has set in, and the US dollar is higher, and risk assets are lower.

The Japanese yen climbed today, posting the biggest gain against the euro in five weeks, as Chinese manufacturing and speculations about the future monetary policy of the US Federal Reserve made investors nervous and unwilling to risk.

After showing signs of mild recovery, the latest economic data out of the United Kingdom is proving disappointing. The result of the latest retail sales data is a lower pound, and speculation that things might not be turning around after all.

Japanese yen is mostly lower today, following an earlier rally. Comments from a government official sent the yen a little higher against its major counterparts, but now the yen is settling down into weaker territory as the fundamentals are considered.

The Japanese yen gained today as politicians were worried that the excessive drop of the currency may be not that beneficial for the country and may actually hurt the economy.