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Japanese Yen JPY

 

Detailed information and fundamental factors

Central Bank: Bank of Japan

Interest Rate: -0.10%

Public Debt to GDP Ratio, 2017: 223.8%

Trade Balance, 2017: $57.6 bln.

Inflation, 2018: 1%

Sovereign Credit Ratings:

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

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

Yen Gains on Commodity Currencies After Positive GDP Revision

The Japanese yen gained on commodity currencies but was trading flat against most major currencies, with the exception of the US dollar. Domestic macroeconomic data was decent, with the GDP figure getting a positive revision compared with the preliminary report.

Japanese Yen Rises After Mixed Macroeconomic Reports

The Japanese yen rose against the majority of most-traded currencies today, though failed to gain on the Australian and New Zealand dollars. One of the possible reasons for the rally were doubt about the chances of the United States and China reaching a trade deal before new US tariffs kick in on December 15. Japan’s macroeconomic data was mixed, giving the yen no additional support.

USD/JPY Challenged by the Bears at 108.85

The US dollar versus the Japanese yen currency pair lost part of the gains made last week. Is this a bearish win or the bulls are preparing their new march towards 110.29 from better prices?

Japanese Yen Mixed on $120 Billion Stimulus Package, PMI Readings

The Japanese yen is trading mixed against major currency rivals on Thursday as reports suggest Tokyo is going to spend billions in stimulating the economy. Various purchasing managers’ index (PMI) readings improved last month, helping the yen this week. But bond investments held by citizens abroad fell for the second week in a row, though this was offset by another increase in stock holdings by foreign investors in Tokyo.

Japanese Yen Flat amid Confusing News Headlines About US-China Trade Deal

The Japanese yen was flat against most of its major rivals amid conflicting reports about the probability of reaching a phase-one trade deal between the United States and China before the new US tariffs, scheduled to take effect on December 15, will kick in. Domestic macroeconomic data was relatively good but slightly worse than expected.

AUD/JPY Trying to Confirm the 73.93 Support

The Australian dollar versus the Japanese yen currency pair is reconquering an important support area.

Japanese Yen Flat vs. Major, Falls vs. Commodity Currencies

The Japanese yen was trading flat for the most part today, though fell versus commodity currencies. It looks like traders were not interested in safety provided by the Japanese currency despite increasing tensions between China and the United States over Hong Kong protests. There were plenty of macroeconomic reports released in Japan today but they failed to have a substantial impact on the currency during thin holiday trading.

USD/JPY Back on Track Towards 110.29

The US dollar versus the Japanese yen currency pair appreciated after the bulls managed to pull themselves together.

Japanese Yen Flat As Retail Sales, Foreign Bond Investment Fall

The Japanese yen is trading relatively flat on Thursday as investors try to cope with a diverse array of negative economic data that will add to fears of a recession. Falling retail sales and slumping foreign bond investment are dominating trading patterns, but analysts will keep an eye on upcoming jobs, housing, and industrial numbers.

Yen Soft on Risk Appetite & Mixed Data, Attempts to Recover

The Japanese yen was soft today as mild risk appetite on the Forex market limited demand for the currency in its role of a safe haven. But the yen has trimmed losses by now, even managing to gain on some of its rivals. Domestic macroeconomic data was mixed, but no outright negative indicators were released today.

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