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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

USD/JPY Conquered 108.85. More Targets on the Way

The US dollar versus the Japanese yen currency pair made a new high at 109.48 after piercing an important level. What is of major importance is whether or not the bulls can sustain the gains.

AUD/JPY Very Close to the 76.00 Target

The Australian dollar versus the Japanese yen currency pair extended the gains and reached the 75.40 rate. The question is now whether the appreciation will continue or not.

Japanese Yen Weakens As Manufacturing Contracts, Jobless Rate Rises

The Japanese yen is slipping against most major currency rivals to start the trading week, driven by considerable weakness in the nation’s manufacturing sector, housing industry, and labor market. Although Tokyo had experienced some positive economic data early last week, these were offset by bearish trends throughout the economy.

Japanese Yen Rallies in Risk-Off Markets as US Dollar Falls on FOMC

The Japanese yen today rallied against the US dollar in a risk-off market environment as the greenback sold off after yesterday’s FOMC rate decision. The USD/JPY currency pair today crashed to new lows after the release of upbeat housing and construction data from the Japanese docket.

USD/JPY Might Make the Next Move Towards 110.27

The US dollar versus the Japanese yen currency pair seems to be governed by the bulls. The question is now: are the bulls tired or they are just preparing an all-in towards 110.27?

Will AUD/JPY Take the Chance to Conquer the 76.00 Resistance?

The Australian dollar versus the Japanese yen currency pair shows signs of strength from the bullish side.

Japanese Yen Flat After Unfavorable Markit PMIs

The Japanese yen was little changed following a report that showed that economic activity in Japan slowed this month. The services sector barely expanded as its rate of growth slowed sharply compared with September, while the manufacturing sector accelerated the rate of its decline unexpectedly.

Japanese Yen Weakens As September Exports, Imports Shrink

The Japanese yen started off the trading week lower against multiple currency rivals, driven by the latest economic data that disappointed investors and heightened fears of a recession hitting the world’s third-largest economy. But Japan is just one of many countries experiencing the fallout of the US-China trade saga that has crippled global financial markets.

USD/JPY Reached 108.89, a Level Destined to Be Surpassed

The US dollar versus the Japanese yen currency pair rallied strongly and reached the 108.89 level, from where profit booking began.

Japanese Yen Attempts to Rally, Fails

The Japanese yen attempted to rally intraday but has lost is gains completely against all other major currencies by now. One of the possible reasons for the initial rally of the yen was the worsening market sentiment as traders were becoming less and less optimistic about the trade negotiations between the United States and China. But poor domestic macroeconomic data and the dovish outlook for monetary policy of the Japanese central bank did not allow […]

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