Yen — News Archive

Manufacturing Data Boosts Pound Against Euro

UK pound is heading higher against the euro today, even though it is down against its low-beta counterparts, the dollar and then yen. Economic divergence is one of the reasons that the pound is doing so well against the euro today.

Pound Struggles a Bit on Economic Data

UK pound is struggling a bit against some of its major counterparts today, thanks largely to recent economic data. While the pound is higher against the dollar right now, it is down against the euro and the yen.

Dollar Index Loses Ground

US dollar is mostly lower today against its major counterparts, and the dollar index is losing steam. Much of it has to do with consolidation and profit taking, however. The dollar is on a roll, and some analysts think the dollar rally still has plenty of life.

UK Pound Sees Some Help From Economy

UK pound is seeing a little help today in Forex trading. While there is still a trend toward overall uncertainty that is keeping the pound down against currencies like the dollar and the yen, sterling is gaining ground against the euro again.

Yen Drops After Inflation Data

Japanese yen is lower against its major counterparts following the release of the latest inflation data. The Japanese economy continues to struggle, and that means that policymakers are likely to continue to pursue a course that includes keeping the yen weak.

US Dollar Pauses for Breather

US dollar is lower today, losing ground against many of its major counterparts. The greenback is pausing for a breather right now, heading lower as Forex traders take profits and consider what could be next.

Yen Rises, Undeterred by Risk Appetite

The Japanese yen rallied today, rising for the second trading session against the US dollar, even though economic data from China resulted in risk appetite among Forex market participants that should have weakened the currency.

Yen Higher Now, but Will It Last?

Yen is higher today, thanks in large part to the fact that China’s weak data is prompting strong risk aversion. Even though the yen is higher now, though, there are many who think that the yen will move lower in the future, due to the fact that the Japanese government is running out of options.

US Dollar Index Holds to Gains

US dollar index is holding on to some of its earlier gains, even though the greenback isn’t as high against its major counterparts as earlier. Most of the dollar’s strength is coming from other currencies’ weaknesses right now.

Yen Extends Drop After BoJ Minutes

The Japanese yen fell today after the Bank of Japan released minutes of its August meeting. The yen fell even against such currencies as the euro and the Great Britain pound, against which it was rallying last week.

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