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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, 2017: 0.4%

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

Japanese Yen Retreats After Rallying Earlier, Undisturbed by Poor Data

The Japanese yen was among the strongest currencies on the Forex market today, though the currency has retreated by now. Poor domestic macroeconomic data had a limited impact on the currency.

Japanese Yen Weakens After Kuroda Talks About Policy Easing

The Japanese yen weakened today, falling against the US dollar, after Bank of Japan Governor Haruhiko Kuroda said that the central bank may ease its already extremely accommodative monetary policy further.

Yen Weakest on Forex Market amid Risk Appetite, Japan’s Data Doesn’t Help

The Japanese yen was the weakest major currency on the Forex market today amid risk appetite caused by optimism about Sino-US trade talks. Better-than-expected domestic macroeconomic data was unable to provide support for the Japanese currency.

Yen Reverses Gains Caused by Risk Aversion, Japan’s Macroeconomic Data Matches Expectations

The Japanese yen rose earlier today amid risk aversion caused by apparent lack of progress in the Sino-US trade talks. By now, though, the currency trimmed its gains, erasing them against some peers completely. Japan’s macroeconomic data released during the trading session was in line with expectations.

Japanese Yen Softens After Disappointing GDP Growth

The Japanese yen fell a bit after the release of a disappointing GDP report and was also under pressure from the risk-on market sentiment.

Japanese Yen Weakens to Lowest Level in 2019 on Poor Data

The Japanese yen has slipped to its lowest level against its major currency counterparts in 2019 on Tuesday. Because of soft economic data and the central bank maintaining an accommodative monetary policy, analysts feel that Tokyo’s economic growth could be threatened in 2019, sending the yen lower.

Yen Retreats After Rising on Risk Aversion, Ignores Economic Data

The Japanese yen retreated after rising earlier today on risk aversion caused by bad news about Sino-US trade talks. Domestic macroeconomic data was mixed, giving the currency no direction.

Japanese Yen Rises As Abe Celebrates BOJ Success

The Japanese yen is making gains against a handful of currencies towards the end of the trading week. Currency investors appear to be bullish on the federal government’s positive tone on the Bank of Japan (BOJ)’s success in the economy. Traders are also sifting through recent reserve data, which showed a dramatic rise from the same time a year ago.

Japanese Yen Trades Slightly Lower amid Mild Risk Appetite

The Japanese yen was flat-to-lower today as mild risk appetite on the Forex market made safe currencies less appealing to traders. The losses were limited, though, and the currency has trimmed most of them by now.

Yen Trades Lower After Manufacturing Index Hits 29-Month Low

The Japanese yen was soft today after the manufacturing index hit the lowest level in almost two-and-half years.

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