In a surprise move, the Bank of Japan announced a new round of easing. Earlier, the yen had been gaining in spite of unfavorable data. Now, though, the yen is heading much lower in the wake of this latest announcement.
October 31st, 2014 at 10:57
October 31st, 2014 at 0:15
The Japanese yen gained today even though economic data that came out from Japan during the current trading session was not particularly good. The possible reason for the rally is risk aversion that followed the policy announcement from the Federal Reserve.
October 27th, 2014 at 10:48
Japanese yen is heading higher against its major counterparts today, getting help from the latest economic data. With an improvement in data, there is the thought that maybe the Japanese government won’t be quite so aggressive at pursuing weakness for the yen.
October 27th, 2014 at 10:27
Euro is getting a little help today in Forex trading, thanks to the latest round of stress test results from banks. Things seem to be improving for banks, and that means that there are fewer fears regarding the eurozone. There is still a ways to go for the eurozone recovery, and for the 18-nation currency, but things are looking a little bit better.
October 23rd, 2014 at 10:48
US dollar index is lower, even though the greenback is trading mixed today. The weighting of the euro in the dollar index’s basket of currencies means that the gains by the euro are weighing on the dollar index today. Even though the dollar is lower against the euro, it is still gaining ground against the UK pound and the Japanese yen.
October 13th, 2014 at 21:18
The Japanese yen rose today against the US dollar and the Great Britain pound, which were demonstrating softness at the current trading session. But the Japanese currency was unable to outperform the euro, which is now trying to gain ground after it has halted its long decline.
October 08th, 2014 at 11:34
The Japanese yen declined today despite the prevailing risk-aversion on the Forex market after the International Monetary Fund lowered its growth forecast for the world economy.
October 07th, 2014 at 12:38
The Japanese yen edged higher after the Bank of Japan concluded its two-day policy meeting today. As was expected, the central bank did not add stimulating measures to its already extremely accommodative monetary policy.
October 07th, 2014 at 10:36
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.
October 06th, 2014 at 10:17
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.