Yen — News Archive

Dollar Pulls Back After Initial Gains

US dollar index is lower, and greenback is down against its counterparts, following earlier gains. After surging a bit earlier in the session, the US dollar is now losing ground, likely due in part to profit taking.

Yen Halts Rally as Economic Data Provides Mixed Picture

The Japanese yen attempted to extend its rally against the US dollar today but failed and retreated close to the opening level. The currency traded mostly sideways against other major counterparts.

Market Sentiment Helps Yen Maintain Rally

The Japanese yen gained today with help of the general risk-negative market sentiment and good economic data from Japan itself. The currency gained for a second consecutive session against the US dollar and for a third session versus the euro.

Yen Profits from Risk Aversion

The Japanese yen profited from the risk-negative market sentiment, rising against its major counterparts. The currency opened sharply lower versus the US dollar but was able to slowly rise, though it still trades below the Friday’s close.

Japanese Yen Lower Today

Japanese yen is lower today, falling against most major currencies. Data from the United States and Europe isn’t dire enough to support the yen, and there are plenty of reasons for continued yen weakness at this point.

Japanese Yen Settled Down After Earlier Gains

Japanese yen is mostly lower again, following a brief surge earlier. Thanks to a temporary demand for safe haven assets, as well as stop-loss order executions earlier, the yen saw a brief surge. Now, though, the yen is settling down, and is mostly lower.

UK Pound Fights Back in Currency Trading

The last week has been a bit humiliating for the UK pound, with persistent losses against major currencies. However, there appears to be some relief in sight for the embattled pound. The currency is gaining a little bit of ground today — at least against the euro.

Euro Continues to Trade Mixed

Euro is trading mixed against its major counterparts again today. The 18-nation currency continues to struggle against the US dollar on policy divergence, but is managing to eke out gains against the pound and the yen today.

Yen Falls as Data from USA & Europe Suggests Haven Unnecessary

The Japanese yen weakened today, touching the lowest level since April against the US dollar, as economic data from both the United States and the eurozone was mostly good, making the currency unnecessary in its role of a safe haven.

Yen Steady After Industrial Production Data

The Japanese yen remained unmoved by the release of industrial production data today. The currency traded mostly sideways yesterday, though it fell together with its major counterparts versus the US dollar.

Archives

SUBSCRIBE

Follow Top Forex News on Facebook FB