Top Forex News

Live Forex news from all over the world.

    Archives

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 Strengthens As Abe Resigns, Economic Activity Rebounds

The Japanese yen is strengthening against its currency rivals to finish the trading week. The yen has found support on Prime Minister Shinzo Abe stepping down and renewed economic activity in the world’s third-largest economy. The yen has been performing well in 2020 as investors continue to seek traditional safe-haven assets in the fallout of COVID-19.

USD/JPY Confronting the 107.00 Resistance Level

The US dollar versus the Japanese yen currency pair seems to be willing to pass the 107.00 level. Will the bears defend it?

Japanese Yen Flat-to-Higher After Economic Data, Other News

The Japanese yen was trading either flat or higher versus other most-traded currencies today. Today’s economic data in Japan was good, unlike yesterday’s inflation report. Other news was also generally positive.

USD/JPY Faced with the 107.00 Resistance

The US dollar versus the Japanese yen currency pair seems to be indecisive, but there are some signs that the bears could already be controlling the situation.

Japanese Economic Data Mixed, Yen Recovers from Weakness

The Japanese yen was one of the weakest currencies on the Forex market today, second only to the US dollar. But currently, it has managed to recover, trading either flat of higher against most other currencies, remaining weak only against commodity ones. The relatively robust market sentiment made traders not interested in safety provided by the Japanese currency, preferring to seek riskier assets that can provide a higher yield. Domestic […]

Will the 105.09 Support Hold on USD/JPY?

The United States dollar versus the Japanese yen currency pair seems to have lost its steam after a very strong appreciation. Was that all the bulls could do?

USD/JPY Beneath the Important Support of 105.09

The US dollar versus the Japanese yen currency pair slipped under the important 105.09 level. Can the bulls deliver a surprise comeback?

USD/JPY About to Test the 106.12 Level

The United States dollar versus the Japanese yen currency pair seems to have been taken over by the bears. Do the bulls stand a chance at 106.12?

Bulls Failing on USD/JPY from 107.00?

The US dollar versus the Japanese yen currency pair seems to lack the power for climbing to greater values.

Progress in COVID-19 Vaccine Development Drives Yen Higher vs. Safe Peers, BoJ Stands Pat

The Japanese yen traded flat or little lower versus the majority of other most-traded currencies today but gained on other safe currencies, like the US dollar and the Swiss franc. The main event in Japan today was the monetary policy announcement from the Bank of Japan.

Navigation

Menu