The Japanese yen declined today, following the three-day rally against the euro, as the Forex market calmed after the initial surge of risk aversion and safe assets started to lose their value that they have gotten with risk premium.
July 17th, 2014 at 13:40
Japanese yen is heading higher today as risk aversion becomes an issue. Concerns stemming from Janet Yellen’s remarks before Congress yesterday are sending high beta currencies lower, and boosting the Japanese yen.
Investors are feeling somewhat more courageous right now as fears, sparked by the problems in Portugal’s banking sector, waned and speculations resumed about a prolonged period of accommodative monetary policy in the United States. As a result, Forex market participants were less interested in buying safe currencies, including the Japanese yen.
July 11th, 2014 at 13:54
Risk aversion continues to be a theme in the markets today, and the Japanese yen is moving higher as a result. Even with the latest mixed data out of Japan, the yen is heading higher against its counterparts as stocks struggle and as concerns about the eurozone once again come to the fore.
July 04th, 2014 at 13:11
The pound may be retreating a bit against some of its counterparts, but sterling is seeing solid support against the euro today. Thanks to the latest round of economic data, pound is gaining against the euro, even though it is down against currencies like the yen and the dollar.
July 01st, 2014 at 11:04
The Japanese yen tumbled today, reaching the lowest level since January against the Great Britain pound, as the Tankan survey showed a worsening sentiment in both manufacturing and non-manufacturing sectors.
June 30th, 2014 at 11:30
The Japanese yen halted its rally today and actually fell against some of its major peers as economic reports were not favorable to the currency. Today’s drop followed Friday’s big rally, meaning that part of today’s losses may be attributed to profit-taking.
June 27th, 2014 at 13:11
Even though confidence measures show a decline, the euro continues to see modest gains against some of its major counterparts. The world situation continues to support the safety of the yen, but the euro is higher against the dollar and the pound today.
June 26th, 2014 at 20:08
The Japanese yen advanced today, rising versus the US dollar and the euro, and trading little changed versus the Great Britain pound. The Japanese currency profited from worries created by worse-than-expected macroeconomic data from the United States.
June 25th, 2014 at 13:53
Japanese yen is higher today, gaining ground against its major counterparts, following the release of May CSPI data. With concerns about what might be next on a global scale, there is a bit of an interest in safe haven. On top of that, with signs that the Japanese economy is recovering, there are some thoughts that the Bank of Japan won’t need to keep the yen weak.