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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

USD/JPY Reached the 112 Target

The US dollar versus Japanese yen managed to use the 110 area as a support and jump to 112, opening new possibilities.

Japanese Yen Weakens As Tokyo Braces for US Trade Fight

The Japanese yen is weakening against several major currency rivals at the end of the trading week. With a potential US-Japan trade war on the horizon, investors are frightened that anticipations of shrinking exports could lead to an economic contraction for the world’s third-largest economy. Can Tokyo turn things around before trade talks with Washington begin?

Yen Soft Despite Cautious Market Sentiment, Mixed Data Doesn’t Help

The Japanese yen was soft today, failing to profit from its role as a safe haven, even as investors were nervous after the International Monetary Fund downgraded the global growth outlook and the United States showed willingness to enter a trade war with the European Union. Mixed domestic macroeconomic data did not help the currency.

Japanese Yen Mixed As Markets Try to Make Sense of Economy

The Japanese yen is mixed against a basket of currencies to start the trading week as traders try to make sense of the economy. It is a case of is Japan in a recession or is the economy already recovering? Policymakers cannot seem to determine what is going on in Tokyo, and the recent influx of data is not helping investors make a concrete bet on or against the world’s third-largest economy.

Japanese Yen Moves Sideways, Economic Data Gives No Direction

The Japanese yen traded sideways today as markets were lying in wait for US nonfarm payrolls. Domestic macroeconomic data was somewhat mixed, giving the Japanese currency no direction.

AUD/JPY Again at the Edge of the Flat

The Australian dollar vs. Japanese yen is developing at the resistance area where all the peaks of 2019 had formed. Of course, what will it do this time is the most interesting part of all.

Japanese Yen Struggles for Direction Amid Mixed Data

The Japanese yen is mixed against a handful of currency rivals on Thursday as a plethora of recent data could not prove the national economy was expanding or contracting. Policymakers also delved into the latest Modern Monetary Theory (MMT) proposal that is gaining steam in the US.

Big Test for Canadian Dollar vs. Japanese Yen

On CAD/JPY, the price managed to rally to an area which not only served as a solid support in the second half of 2018, but also primed as an important boundary since the earliest times of the pair.

Positive Chinese Reports & Negative Domestic Data Send Japanese Yen Lower

The Japanese yen opened sharply lower and proceeded to fall against all other most-trade currencies, emerging as the weakest currency on the Forex market today. While the main reason for the drop was risk appetite caused by positive macroeconomic reports in China, domestic macroeconomic data did not do any good to the Japanese currency either.

Japanese Yen Attempts to Rebound After Falling on Market Sentiment, Domestic Reports Helpful

Japan’s macroeconomic data released during the Friday’s trading session was good for the most part, but that did not prevent the Japanese yen from falling due to mild risk appetite on the Forex market. Yet currently, the yen is trying to rebound and has basically erased losses versus some of its major rivals, including the euro and the Great Britain pound.

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