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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, 2018: 1%

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

AUD/JPY at the 67.03 Resistance

The Australian dollar versus the Japanese Yen currency pair is being given a test by the 67.03 level.

Japanese Yen Gains As Abe Prepares for ‘Boldest-Ever’ Stimulus

The Japanese yen is gaining against its biggest currency competitors to kick off the trading week as the nation braces for details surrounding the government’s “boldest-ever” stimulus package. Japan’s economic situation had been bearish prior to the coronavirus pandemic, but the outbreak has negatively affected the world’s third-largest economy. With the Tokyo Olympic Games postponed until the end of July, it is unclear how Japan can avoid slipping into […]

Japanese Yen Flat-to-Higher as Coronavirus Continues to Spread

The Japanese yen was trading either flat or higher against its most-traded rivals today as the coronavirus pandemic continued to spread across the world, causing panic and expectations of a global economic recession.

USD/JPY Dropped from 111.70

The US dollar versus the Japanese yen currency pair stalled around the 112.00 psychological level. Is this only a correction?

AUD/JPY Could Reach 67.03

The Australian dollar versus the Japanese yen currency pair may be heading towards the north. Is this just a bearish opportunity to get better shorting prices?

USD/JPY Back into Ascending Channel and Above 108.00

The US dollar versus the Japanese yen currency pair recovered almost the entire depreciation. Will the appreciation continue?

Can AUD/JPY Fall More from 64.12?

The Australian dollar versus the Japanese yen currency pair continued declining. But the bulls might be just around the corner.

Japanese Yen Mixed on Tepid Data, Bearish Business Confidence

The Japanese yen is trading mixed on foreign exchange markets on Tuesday as recent economic data pointed to tepid conditions, diminishing overall business confidence. With the coronavirus crippling the world’s third-largest economy, policymakers are discussing a lot of ways to spur growth, including targeting the national sales tax.

Can USD/JPY Maintain Recovery Above 105.55?

The US dollar versus the Japanese yen currency managed to get above the important weekly level of 105.55. Is this a sustainable recovery?

Japanese Yen Soars As Investors Flee to Safe-Haven Assets

The Japanese yen is soaring against multiple currency rivals to kick off the trading week as investors are fleeing to traditional safe-haven assets amid the market crash. With the major leading stock indexes worldwide posting steep losses, traders are buying the yen, despite the disappointing economic data. Will the yen be the best performing currency in the first quarter?

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