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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

Yen Thrives During Week of Risk Aversion

The Japanese yen was among the strongest currencies during the past trading week as rising risk aversion encouraged traders to stick to safer assets and to avoid riskier ones.

Yen Climbs After USA Attacks Syrian Military Base

The Japanese yen climbed today as US President Donald Trump authorized military strike on the Syrian airbase.

Traders Seek Safety on Tuesday, Yen Gains as Result

The market sentiment was favoring safe currencies on Tuesday, helping the Japanese yen to log gains during the current trading session. Among reasons for the investors’ poor mood were the terrorist attack in Russia and the upcoming presidential elections in France.

Yen Flat After Tankan Survey

The Japanese yen was mostly flat today after the release of the Tankan survey that showed improvement in both manufacturing and non-manufacturing sectors for large enterprises.

Yen Climbs Following Trump’s Failure to Dismantle Obamacare

The Japanese yen gained today, rallying to the highest level since November against the US dollar, after US President Donald Trump failed to push his health care bill. Meanwhile, the Bank of Japan released the Summary of Opinions for the March policy meeting.

Japanese Yen Soft Against Euro & Swiss Franc

The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief.

Yen Climbs vs. Dollar to Highest in Four Months

The Japanese yen rallied today, reaching the highest level since November against the US dollar. The currency got boost from both domestic fundamentals and the cautious general market sentiment.

Japanese Yen Firm Despite Economic Data

The Japanese yen was firm today even though economic reports released from Japan on Monday were not particularly supportive, especially core machinery orders.

Yen Strengthens After North Korean Missile Launch

The Japanese yen was almost flat versus the US dollar and gained on its other most-traded rivals after North Korean missile launch increased geopolitical tensions.

Yen Mixed After Set of Economic Reports from Japan

Economic data released from Japan over the current trading session was not particularly good. That did not prevent the Japanese yen from standing its ground against some currencies (like the US dollar and the Great Britain pound), even though it fell against others (like the euro and the Swiss franc).