The Japanese yen fell today for a third straight session as monetary tightening in emerging economies made riskier currencies attractive yet again. Yesterday’s surprise move of Turkey’s central bank added to the confidence of Forex traders.
January 29th, 2014 at 2:49
January 25th, 2014 at 1:41
Risk aversion is intensifying on the Forex market, making the Japanese yen one of the best performing currencies. It was a real surprise, considering how weak was the currency last year.
January 23rd, 2014 at 23:34
The Japanese yen jumped against the US dollar to the highest level in a week today as poor economic news from the United States resulted in speculations that the Federal Reserve will postpone the next round of stimulus cuts. The yen was also higher against some other major currencies, including the Great Britain pound, while trading flat versus the euro.
January 22nd, 2014 at 18:43
The Japanese yen was weaker today after the Bank of Japan maintained its monetary stimulus at today’s policy meeting. The drop was not particularly big against the US dollar and the yen was trading near the opening level versus the euro and the central bank did not expand stimulus.
January 21st, 2014 at 15:14
Greenback is mostly higher today, gaining against many of its major counterparts as the latest expectations for a Federal Reserve taper are bandied about. Further tightening in US monetary policy is supporting the US dollar right now.
January 21st, 2014 at 6:00
The Japanese yen attempted to rally yesterday as worsening Chinese macroeconomic indicators spurred risk aversion on the Forex market. The currency was not able to hold onto gains, though, and slipped to the opening level by the close of yesterday’s session and dropped today.
January 14th, 2014 at 23:37
The Japanese yen sank today as the nation’s current-account deficit widened, reaching the historic high level, leading to concerns that policy makers will be forced to take additional steps to spur economic revival in Japan.
January 13th, 2014 at 15:40
US dollar is mixed today, thanks in large part to confused signals about what’s next for the currency. The latest jobs data was soft, and that has some rethinking the idea that the Federal Reserve will boost its tapering efforts. The Fed might have started the taper, but it’s not likely to step back stimulus further if data remains soft.
January 10th, 2014 at 16:06
There is some speculation that the Japanese yen might have reached a bottom. The yen is currently trading higher against its major counterparts today. Some of it could be risk aversion, though. Even though European and Asian markets did well, US markets are struggling on the latest jobs data news.
January 08th, 2014 at 14:08
Yen is lower against most of its major counterparts today, dropping as continued easing from the Bank of Japan is expected. Even with some of the recent improvements to the Japanese economy, “Abenomics” is expected to continue, and that means long-term yen weakness.