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Japanese Yen JPY


Detailed information and fundamental factors

Central Bank: Bank of Japan

Public Debt to GDP Ratio, 2017: 223.8%

Trade Balance, 2017: $57.6 bln.

Inflation, 2017: 0.4%

Sovereign Credit Ratings:


Supporting Factors

Global reserve currency


Safe haven currency


Factors of Weakness

Loose monetary policy


Frequent currency interventions


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 Flat on EU Trade Deal, World Economic Forum Index

The Japanese yen is trading flat midweek after several mixed news reports came out pertaining to the world’s third-largest economy. While a new poll shows economists fear upcoming trade spats with the US will impact the Japanese economy, a new study discovered that Tokyo remains one of the most competitive places in the world today.

Japanese Yen Traders Near Opening After Falling Earlier

The Japanese yen fell intraday but as many other currencies was trading near its opening level later. Domestic macroeconomic data was mixed, giving the currency no reason to go one way or the other.

Japanese Yen Jumps on Renewed Cooperation With China

The Japanese yen is posting modest gains against its US counterpart on Thursday after the Chinese government encouraged renewed economic cooperation with the world’s third-largest economy. The yen received a slight shot in the arm on various surveys that show a boost in key sectors. 

Yen Down as Traders Feel No Need for Safe Haven, Positive Data Doesn’t Help

The Japanese yen was weak across the board today as markets calmed down and the sentiment stabilized, giving traders no incentive to buy safer currencies. Positive macroeconomic data did not help the currency.

Japanese Yen Trims Gains Caused by Risk Aversion

The Japanese yen gained intraday on risk aversion but has trimmed its gains by now. Currently, the yen trades above the opening level against the US dollar, flat versus the euro, and below the opening against the Great Britain pound.

Japanese Yen Rises on Steady Economic Recovery Signals

The Japanese yen is rising modestly against its counterparts on Friday after new data suggests the country’s economic recovery is holding steady. But the International Monetary Fund (IMF) issued a report that urged Tokyo to take a breather and not declare victory just yet.

Yen Firm amid Risk Aversion Caused by Outlook for Fed’s Rates

The Japanese yen was relatively strong today, gaining on riskier commodity currencies. Market analysts explained the currency’s strength by risk aversion caused by anticipation of higher interest rates from the Federal Reserve. If that is the case, it it surprising to see that the yen gained on the US dollar as well.

Japanese Yen Falls on News About Italian Budget

The Japanese yen fell today as markets switched into a risk-on mode on the reports that Italy will change its budget plans to avoid clash with the European Union. The news were conflicting, though.

Japanese Yen Strong as Risk Appetite Caused by USMCA Fades

The Japanese yen was strong today. It is unlikely that today’s Japanese domestic macroeconomic data, which was mixed, played role in that. Some market analysts speculated that the currency rallied because risk appetite caused by the trade deal between the United States, Mexico, and Canada faded. That could also explain the weakness of the commodity currencies.

Yen Weak After BoJ Minutes, Positive Data Doesn’t Help

The Japanese yen was generally weak today following the release of monetary policy minutes. Positive macroeconomic data did not help the currency.