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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

Yen Goes Higher in Risk-Averse Environment

The Japanese yen gained on its most-traded peer’s during the Tuesday’s trading session as the risk-averse trading environment made more desirable currencies associated with safety.

Japanese Yen Edges Lower Against US Dollar Ahead of Retail Sales Data

The Japanese yen edged lower against the US dollar on Monday, after moving in and out of the negative territory multiple times today. Traders are keeping a close eye on two economic releases in Japan that are due to be released today, which could lend the yen more support.

Japanese Yen Gains as Kuroda Says No More Interest Rate Cuts

The Japanese yen rose today, reaching the highest level since November 29 against the euro, after Bank of Japan Governor Haruhiko Kuroda signaled that he does not plan cutting interest rates deeper into the negative territory.

Japanese Yen Shows No Discernible Trend After Mixed Data

The Japanese yen demonstrated a mixed performance today, rising against some currencies and falling against others, after the release of macroeconomic data, which was mixed as well.

Japanese Yen Starts Week with Losses

The Japanese yen opened lower and proceeded to fall during the current trading session as the optimistic market sentiment and Japan’s shrinking trade surplus weighed on the currency.

Japanese Yen Rises Against Dollar Despite Strong US Economic Data

The Japanese yen rose against its US rival on Friday to extend its gains for the third day in a row, as strong economic data in the United States failed to support the nation’s currency. The yen is set to end the week at its strongest level since February 9.

Market Sentiment Sours, Restoring Demand for Safety of Yen

The Japanese yen gained on its rivals during the current trading session as the market sentiment soured, making investors shun riskier assets and prefer safer ones.

Japan’s GDP Misses Expectations, Yen Trades Lower

The Japanese yen fell today (though it has pared the losses against the US dollar by now) as Japan’s gross domestic product missed analysts’ expectations.

Economic Data Doesn’t Make Yen Move

The Japanese yen did not move far following the release of macroeconomic data from Japan and the Summary of Opinions at the central bank’s January policy meeting.

Japanese Yen Finds Strength in Political Uncertainty

The Japanese yen gained on all of its major rivals on Monday and continued to exhibit strength against such currencies as the euro and the Swiss franc on Tuesday. Against the US dollar the yen halted its rally, while it actually pulled back versus the Great Britain pound.

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