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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
Stable
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 Little Changed After Manufacturing Misses Expectations

The Japanese yen was little changed today after a report from Markit showed that growth of Japan’s manufacturing sector slowed unexpectedly this month.

Japanese Yen Rises as Oil Falls, Trims Gains Later

The Japanese yen rose against other most-traded currencies as the drop of crude oil weighed on inflation in developed economies.

Japanese Yen Falls as Trade Balance Misses

The Japanese yen fell today after the nation’s trade balance missed expectations.

Japanese Yen Lower After BoJ Meeting

The Japanese yen fell today after the Bank of Japan maintained its ultra-loose monetary policy and did not discuss its stimulus-exit plans.

Japanese Yen Weakens Against US Dollar on Higher Risk Sentiment

The Japanese yen today weakened against the US dollar as the markets’ risk appetite increased given the positive performance of European and US equity markets, and the weak demand for the yen. Disappointing Japanese Business Sentiment Index (BSI) data released by the Ministry of Finance also increased the selling pressure on the yen.

Yen Goes Lower vs. Rivals as Economic Data & Market Sentiment Don’t Support

The Japanese yen dropped today, hurt by domestic macroeconomic data and the general market sentiment.

Japanese Yen Extends Rally as Traders Brace for Super Thursday

There will be several important events tomorrow, prompting market participants to call the day Super Thursday. With no way to know the outcome of those events, traders preferred to buy safe assets. That allowed the Japanese yen to extend yesterday’s rally, though the currency was rising with slower pace.

Yen Thrives as Geopolitical Risks Strengthen

The Japanese yen surged today amid the risk-averse market sentiment, caused by various geopolitical problems across the world.

USD/JPY Hits New 2-Week Low amid Strong Japanese Data and Mixed US Data

The USD/JPY currency pair today hit new 2-week lows as the US dollar grappled with increased selling pressure and low bond yields. The Japanese yen started gaining against the US dollar late in the Asian session, a trend which continued into the European and American sessions.

USD/JPY Tests New Lows as Japanese Yen Strengthens Against US Dollar

The USD/JPY currency pair today tested new lows as the Japanese yen strengthened against the US dollar during the North American session. Although the pair gained momentum after the release of positive US personal income and outlays data, the currency pair was trading lower as the yen rallied against the greenback.

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