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Japanese Yen JPY

 

Detailed information and fundamental factors

Central Bank: Bank of Japan

Public Debt to GDP Ratio, 2016: 234.7%

Trade Balance, 2016: $11.6 bln.

Inflation, 2016: -0.1%

Sovereign Credit Ratings:

Fitch
A
Stable
Moody's
A1
Stable
S&P
A+
Stable

Supporting Factors

Global reserve currency

weak

Safe haven currency

strong

Factors of Weakness

Loose monetary policy

medium

Frequent currency interventions

strong

The yen is the official currency of Japan. It was introduced in 1871 and allowed to freely float at 1973. The yen is the third major reserve currency after the dollar and the euro. The yen is considered a safe currency; therefore it is sought by traders in times of uncertainty and instability. Low interest rates in Japan (near zero), combined with high liquidity of the currency, make the yen used in the practice called carry trade.



Japanese Yen News Archive

Japanese Yen Gains Despite Slower Manufacturing Growth

The Japanese yen gained against its major peers even though the growth of the nation’s manufacturing sector slowed more than expected this month according to the preliminary reading.



Japanese Yen Mixed After BoJ Policy Meeting & Economic Outlook

The Japanese yen was mixed following the monetary policy announcement from the Bank of Japan. The currency reacted to the moves of its peers for the most part, rising against the weak ones and falling versus the strong ones.



Japanese Yen Mixed vs. Majors, Soft vs. High-Yielding Currencies

The Japanese yen was mixed against major rivals today, trading flat against the US dollar and the euro, falling versus the Great Britain pound, and rising against the Swiss franc. The yen was soft against higher-yielding currencies of emerging markets.



Japanese Yen at Fresh Lows as Kuroda Reiterates Commitment to Stimulus

The Japanese yen fell today, touching fresh lows versus the US dollar and the euro, as Bank of Japan Governor Haruhiko Kuroda reiterated the pledge to keep monetary policy extremely accommodative.



Japanese Yen Drops as BoJ Performs Bond Buying to Control Yield

The Japanese yen was in the red across the board as the surging yields on global bonds prompted the Bank of Japan to step in to keep the yield curve in check.



Yen Retreats as Risk Aversion Caused by North Korea Subsides

The Japanese yen retreated versus its major peers after yesterday’s rally caused by a North Korean missile test.



Japanese Yen Gains After North Korea Performs Another Missile Test

The Japanese yen rallied against its major peers today after North Korea performed yet another missile launch test. It looks like markets have calmed by now as the currency trimmed its gains.



Japanese Yen Fails to Capitalize on Upbeat Tankan Survey

The Tankan survey released today showed that business conditions for Japan’s large enterprises improved in both manufacturing and non-manufacturing sectors last quarter. Yet the Japanese yen failed to capitalize on the favorable data.



Japanese Yen Rallies Despite Underwhelming Economic Reports

The Japanese yen rallied against its most-traded rivals today even though macroeconomic data released in Japan during the trading session was not particularly good for the most part. The possible reason for the currency’s gains was the slump of global stocks caused by signs that central banks around the world are planning to drop monetary stimulus.



Yen Trims Initial Losses on Thursday

The Japanese yen fell against its major peers during the Thursday’s trading session but managed to trim its losses by now and even erased them completely versus the US dollar.



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