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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:


Supporting Factors

Global reserve currency


Safe haven currency


Factors of Weakness

Loose monetary policy


Frequent currency interventions


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 Mixed During Thursday’s Trading

The Japanese yen rallied against such most-traded rivals as the US dollar and the Great Britain pound during the current trading session. At the same time, it was unable to gain on the European currencies like the euro and Swiss franc, which is surprising considering the political turmoil in Europe, specifically in Spain.

Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world.

Japanese Yen Gains vs. US Dollar, Falls vs. Other Majors

The Japanese yen rose against the US dollar today but fell against other major rivals. The drop followed last week’s substantial gains.

Tankan Survey Mixed, Japanese Yen Falls vs. Dollar

The Japanese yen fell against the US dollar but rose against other major rivals today after the important Japanese indicator, Tankan survey, showed somewhat mixed results.

Japanese Yen Shows No Trend After Slew of Economic Reports

A range of macroeconomic reports were released in Japan today. Most of them were within expectations, giving no edge to the nation’s currency. Therefore, the Japanese yen showed no discernible trend during the current trading session, rising against some rivals and falling versus others.

Japanese Yen Stable After Announcement of Snap Election

The Japanese yen was stable today despite the announcement of a snap election in October.

Japanese Yen Rallies After Trump Orders New Sanctions Against North Korea

The Japanese yen rose today as tensions between the United States and North Korea continued to escalate, making safe assets more appealing to investors.

UN Votes for Watered-Down Sanctions on North Korea, Yen Drops

The Japanese yen fell against other most-traded currencies during today’s trading as the situation around North Korea were calming down, prompting Forex market participants to leave safer currencies in favor of higher-yielding ones.

Yen Gains Despite Disappointing Growth of Japan’s Economy

The Japanese yen gained on its major rivals (though not on the Great Britain pound) today despite mixed domestic economic indicators. The likely reason for the currency’s good performance was the market sentiment that favored safer currencies.

Japanese Cash Earnings Drop Unexpectedly, Yen Fails to Hold Ground

The Japanese yen was attempting to hold ground after the report that showed a drop of wages in Japan. The attempt was succeeding for some time but ultimately failed, and the currency is now trading below the opening level.