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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, 2019: 0.5%

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

USD/JPY Beneath the Important Support of 105.09

The US dollar versus the Japanese yen currency pair slipped under the important 105.09 level. Can the bulls deliver a surprise comeback?

USD/JPY About to Test the 106.12 Level

The United States dollar versus the Japanese yen currency pair seems to have been taken over by the bears. Do the bulls stand a chance at 106.12?

Bulls Failing on USD/JPY from 107.00?

The US dollar versus the Japanese yen currency pair seems to lack the power for climbing to greater values.

Progress in COVID-19 Vaccine Development Drives Yen Higher vs. Safe Peers, BoJ Stands Pat

The Japanese yen traded flat or little lower versus the majority of other most-traded currencies today but gained on other safe currencies, like the US dollar and the Swiss franc. The main event in Japan today was the monetary policy announcement from the Bank of Japan.

Japanese Yen Weak Despite Record Surge of Coronavirus Cases

The Japanese yen was weak today amid a relatively positive market sentiment, which was limiting the appeal of the currency considered to be a safe haven during times of trouble. The traders’ mood remained optimistic despite the threat of the second wave of the coronavirus pandemic.

USD/JPY Falls Beyond 107.00 Handle

The US dollar versus the Japanese yen currency pair seems to have been taken over by the bears, as the price slipped beneath the 107.00 psychological level. Do the bulls still have any chances?

Japanese Yen Flat Amid Slumping Household Spending, Yield-Curve Control

The Japanese yen is trading relatively flat against many of its major currency counterparts on Tuesday. The yen has been struggling to find direction so far this week as household spending data disappointed and investors try to weigh the central bank’s decision to embark upon a policy of yield-curve control. Although Japan was able to flatten the coronavirus curve, it has reported a renewed uptick in confirmed cases. Will the world’s third-largest […]

Inverted Head and Shoulders on USD/JPY from 108.05?

The United States dollar versus the Japanese yen currency pair, at first glance, seems to be in bullish hands. But is it so?

Japanese Yen Opens Higher, Turns Lower Afterward

The Japanese yen started the trading week higher versus other most-traded currencies but has reversed its movement afterward and is currently trading far below the opening level against basically all other major rivals. Market analysts explained the moves by the improving market sentiment, though, in the longer-term, the outlook remains favorable to the currency.

Can the Bulls Confirm 107.00 as Support on USD/JPY?

The US dollar versus the Japanese yen currency pair seems to have recovered, but is the recovery sustainable?

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