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Japanese Yen JPY

 

Detailed information and fundamental factors

Central Bank: Bank of Japan

Public Debt to GDP Ratio, 2015: 227.9%

Trade Balance, 2015: -$1.4 bln.

Inflation, 2015: 0.7%

Sovereign Credit Ratings:

Fitch
A
Negative
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 Soft Following Economic Data & BoJ Meeting

The Japanese yen fell during the current trading session following the barrage of economic reports from Japan today and yesterday’s policy meeting of the Bank of Japan.

Yen on Back Foot as Investors Have Confidence to Risk

The Japanese yen was on a defensive during the Wednesday’s trading session as the market sentiment continued to favor riskier currencies over safer ones.

Yen Soft as Fears Abate After French Elections

The Japanese yen was soft today after the outcome of the French Presidential elections eased fears on markets. While the currency traded above the Monday’s opening, it was still far below the Friday’s close.

Yen Gains on Economic Data, Risk Aversion

The Japanese yen was firm today after the release of positive domestic macroeconomic data. The currency gained on the euro also due to the market sentiment that worsened after what looks like as a terrorist attack in France.

Yen Thrives During Week of Risk Aversion

The Japanese yen was among the strongest currencies during the past trading week as rising risk aversion encouraged traders to stick to safer assets and to avoid riskier ones.

Yen Climbs After USA Attacks Syrian Military Base

The Japanese yen climbed today as US President Donald Trump authorized military strike on the Syrian airbase.

Traders Seek Safety on Tuesday, Yen Gains as Result

The market sentiment was favoring safe currencies on Tuesday, helping the Japanese yen to log gains during the current trading session. Among reasons for the investors’ poor mood were the terrorist attack in Russia and the upcoming presidential elections in France.

Yen Flat After Tankan Survey

The Japanese yen was mostly flat today after the release of the Tankan survey that showed improvement in both manufacturing and non-manufacturing sectors for large enterprises.

Yen Climbs Following Trump’s Failure to Dismantle Obamacare

The Japanese yen gained today, rallying to the highest level since November against the US dollar, after US President Donald Trump failed to push his health care bill. Meanwhile, the Bank of Japan released the Summary of Opinions for the March policy meeting.

Japanese Yen Soft Against Euro & Swiss Franc

The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief.

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