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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, 2019: 0.5%

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

Japanese Yen Soft After Economic Data, Japan-UK Trade Agreement

The Japanese yen was trading either flat or lower against most other currencies, though it managed to gain on the US dollar. Japanese macroeconomic data released on Friday was mixed.

104.34 Low on USD/JPY a Double-Edged Sword?

The United States dollar versus the Japanese yen currency pair, at this moment, may very well be treasured by both bulls and bears. However, only one party is to be right.

USD/JPY Respecting the 105.09 Support?

The United States dollar versus the Japanese yen currency pair seems to be under bullish control.

Japanese Yen Gains During Monday’s Quiet Trading

The Japanese yen gained, rising against all other most-traded currencies, during Monday’s quiet trading. Today’s calendar is light in terms of macroeconomic releases, and trading is expected to be quieter than usual due to holidays in the United States and Canada. As for today’s economic reports in Japan itself, they were mixed.

Bearish Resistance at 106.12 on USD/JPY?

The United States dollar versus the Japanese yen currency pair may have trouble passing the 106.12 level. Is this just a bullish pause?

Japanese Yen Weakens As BoJ Warns of ‘Very High’ Uncertainty Amid COVID-19 Pandemic

The Japanese yen is under pressure in the middle of the trading week as the central bank warned that economic uncertainty remains “very high” because of the coronavirus pandemic. But the yen could find support on macroeconomic data suggesting the contraction in the world’s third-largest economy might have subsided. Could the traditional safe-haven asset continue its strong 2020 in the final quarter?

Possible Leg Down on USD/JPY from the 105.80 High?

The US dollar versus the Japanese yen currency pair seems to be lacking traction to reach 106.12. Are the bears just around the corner?

Bulls Back on Track on USD/JPY from 104.00?

The US dollar versus the Japanese yen currency pair seems to have recovered, as it oscillates above the 105.09 level. Should the bulls buy it!?

Japanese Yen Remains Soft Despite Pessimistic Mood

The market sentiment remained pessimistic, encouraging investors to stick to safer assets. But that did not help the Japanese yen, which was one of the weakest currencies on the Forex market during Thursday’s trading.

Japanese Yen Mixed amid Signs of Economic Slowdown

The Japanese yen was mixed today despite the relatively negative sentiment amid investors. Usually, the yen rallied amid risk aversion due to its status as a safe haven. But today, the currency was struggling to rise. Some analysts explained that by the rally of the stock market. Domestic economic indicators were not favorable to the currency of Japan either.

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