Fitch Ratings downgraded Japan’s sovereign credit rating yesterday. Despite the negative news, the Japanese yen is trying to rally against the US dollar today. Against other major currencies, like the euro and the Great Britain pound, the yen is weak.
April 28th, 2015 at 11:04
April 27th, 2015 at 10:54
Japanese yen is trading mixed against its major counterparts today as Forex traders continue to process the Bank of Japan announcement from the end of last week. Yen is higher against European currencies, but lower against the US dollar.
April 14th, 2015 at 11:36
The Japanese yen rallied today, touching the highest level since June 2013 against the euro. The reason for the rally is the retreat of the US stocks and the comments from Koichi Hamada, an adviser to Prime Minister Shinzo Abe on monetary policy.
April 13th, 2015 at 14:39
The Japanese yen rallied against its other major peers today, including the US dollar and the euro, after the positive economic data from Japan and optimistic remarks from the central bank’s head.
April 10th, 2015 at 12:52
Japanese yen is retaining many of the gains it made earlier this week following a Bank of Japan announcement that indicates the asset buying program is likely to remain steady, rather than expand. With quantitative in place for European currencies, Japan has the upper hand for now.
April 08th, 2015 at 9:21
The Japanese yen rallied against the US dollar today after the Bank of Japan conducted its April policy meeting. The currency was unable to beat its other rivals.
March 30th, 2015 at 12:37
Japan’s industrial production declined last month, resulting in a drop of the Japanese yen during the current trading session. The yen fell against the US dollar and even against the euro, though it fared better versus other currencies.
March 20th, 2015 at 13:50
The Japanese yen dropped today against its rivals as the market sentiment was improving. While the dollar traded sideways, other currencies rallied at the expense of the yen.
March 19th, 2015 at 10:37
Japanese yen is gaining ground today, heading higher against European currencies following the latest export report, and ahead of the release of the Bank of Japan minutes from the latest meeting.
March 17th, 2015 at 11:40
The Japanese yen gained after the Bank of Japan kept its monetary policy unchanged at today’s meeting, judging that no additional monetary stimulus is required.