Yen — News Archive

Yen Gains as Traders Seek Safe Investment Options

The Japanese yen rallied today, rising against all of its major peers, as the risk-negative market sentiment spurred traders to seek safer assets. The currency demonstrated the biggest gain in two weeks versus the US dollar.

Yen Falls vs. Dollar on Poor Data, Stays Resilient vs. Pound & Euro

The Japanese yen fell against the US dollar and the Great Britain pound today due to negative macroeconomic data. The drop was small, and the currency managed to gain against the euro.

Yen Drops as BoJ Keeps Stimulus Unchanged

The Japanese yen dropped after the Bank of Japan decided to keep its unprecedented monetary stimulus at today’s policy meeting. The currency trimmed its losses later but still trades below the opening level.

Yen Gains After Abe Wins Elections

The Japanese yen rose against other majors today, though the currency retraced its gains versus the US dollar as of now. The rally followed the victory of Japan’s Prime Minister Shinzo Abe in the snap elections over the weekend.

US Dollar Mostly Lower on Profit Taking and Consolidation

Greenback is losing ground today, thanks in large part to profit taking and consolidation going on right now. At the end of last week, good economic news sent the US dollar soaring, but now it seems as though Forex traders are ready to take a step back and consolidate their positions.

Yen Bounces from Multi-Year Lows

The Japanese yen bounced from multi-year lows today as the nation’s current account demonstrated a surplus that was about two times as big as forecasters have predicted. The currency managed to rally even as Japan’s economy continued to decline.

Yen Falls Below 120 per Dollar First Time Since 2007

The Japanese yen fell today against other most-traded counterparts. The currency fell yesterday below the 120 per dollar level for the first time since July 2007. The yen also touched the lowest level since October 2008 versus the Great Britain pound.

Yen Continues to Weaken Against Other Currencies

Yen continues to weaken against its major counterparts, falling lower on comments about inflation. It’s also not helping today that there seems to be a degree of risk appetite that means a lower yen in general.

Yen Gains, Under Pressure from Credit Rating Downgrade

The Japanese yen rallied yesterday and maintained its gains today. The currency was under pressure after Moody’s Investor Service decided to cut Japan’s credit rating on Monday. The yen remained soft against the Great Britain pound.

Taiwan Dollar Joins Yen in Rally

The Taiwan dollar rose a little today, trading near the highest level in one week. The currency advanced as the Japanese yen rallied and the US dollar retreated, potentially helping nation’s exports.

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