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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

CAD/JPY Might Have Other Plans for the Descending Trend

The Canadian dollar versus the Japanese yen currency pair corrected sharply and, as a consequence, some might already think of shorting it. But is it the pair really ready to give the bears a new go?

Japanese Yen Falls Despite Better-than-Expected Domestic Data

Macroeconomic data released in Japan on Thursday was better than expected. But as usual, the Japanese yen paid more attention to the general market sentiment than to domestic reports. And the sentiment was not supportive of the Japanese currency. Currently, though, the yen managed to bounce against some of its rivals.

Japanese Yen Mixed As Manufacturing Weakens, BOJ Nudged to Ease

The Japanese yen is mixed midweek as new data is sending signals that the nation’s manufacturing sector is weakening. With uncertainty engulfing the global economy and Japan potentially facing a recession, the Bank of Japan (BOJ) is being pushed to be more accommodative by easing monetary policy. Prime Minister Shinzo Abe assured financial markets that Japan will not be a drag on the rest of the world, suggesting that he […]

USD/JPY Rallying Towards 108.00

The US dollar versus the Japanese yen currency pair is still continuing the appreciation that began at the 105.00 psychological level. The question is: considering the determined way in which it advances, will the price simply pierce the strong resistance area at 108.00?

Japan’s Economic Growth Slows, Yen Retreats from Opening Levels

The Japanese yen opened above Friday’s close today, though by now the currency has retreated against most of its major rivals. Today’s macroeconomic data in Japan showed that economic growth slowed last quarter while other indicators missed expectations.

Japanese Yen Firm Despite Risk Appetite, Comments from BoJ’s Kuroda

The Japanese yen gained against most major currencies on Friday. That is despite comments of the central bank’s chief and risk appetite on markets, which limited appeal of safe currencies.

Japanese Yen Weakens As Investors Easing BOJ to Prevent Recession

The Japanese yen is weakening midweek as new economic data is exacerbating recession fears. With some central bankers suggesting pre-emptive stimulus to prevent a contraction, investors are paying attention and think the world’s third-largest economy is heading for a steep contraction, even with a new trade agreement with the US later this month

Japanese Yen Reverses Losses in Second Half of Monday’s Session

The Japanese yen performed opposite to riskier currencies today, falling intraday but rebounding later. Whether it is due to US tariffs on Chinese goods kicking in or light volumes on markets due to holiday in the United States resulting in sharp and unpredictable swings, it looks like most currencies reversed their movement in the second half of the Monday’s session.

USD/JPY Correcting. First Target at 108.00

The US dollar versus the Japanese yen currency pair is consolidating after confirming the 105.50 support level. Given the strong retracement, expectations are for an extension towards the 108.00 psychological level.

Mixed Domestic Economic Indicators Don’t Prevent Rally of Yen

The Japanese yen was strong today. Some market analysts speculated that the reason for that was the worsening market sentiment. But the Swiss franc, another safe currency, was soft today, making such speculations questionable. While there were plenty of macroeconomic indicators in Japan today, they were mixed and gave little help to the currency in finding direction.

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