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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 Firm on Risk Aversion, Pays Little Attention to Accelerating CPI

The Japanese yen gained at the start of Friday’s trading session and was trading sideways since then. The currency largely ignored positive domestic macroeconomic data, and the likely reason for the previous rally was investors’ desire for a safe haven.

Japanese Yen Loses Intraday Gains

The Japanese yen gained during the Asian trading session but has lost its gains by the start of the European session and is trading below the opening level now.

Yen Drops Against Other Most-Traded Currencies

The Japanese yen slumped against basically all most-traded currencies today. At the present time, it is hard to say whether it is because of the poor macroeconomic data or the political scandal.

Japanese Yen Rallies Following Poor Domestic Data

The Japanese yen rallied against its most-traded peers today even as macroeconomic data released in the Asian nation over the trading session was rather poor.

Japanese Yen Touches Highest Since November 2016 vs. US Dollar

The Japanese yen rallied against its most-traded rivals today, touching the highest level since November 2016 versus the US dollar, thanks to the outlook for monetary policy normalization, positive macroeconomic data, and the general risk averse sentiment on the Forex market.

Japanese Yen Third Strongest Currency on Friday

The Japanese yen was generally strong today, rising against the euro and various other most-traded peers, but was unable to beat the US dollar and the Great Britain pound.

Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens

The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month.

Japanese Yen Retains Strength Despite Slowing Economic Growth

The Japanese yen retained its strength against the vast majority of its most-traded peers even though macroeconomic data released over the Wednesday’s session in Japan was not that good.

Japanese Yen Logs Sharp Gains on Tuesday

The Japanese yen logged sharp gains against basically all of most-traded currencies during the Tuesday’s trading session.

Japanese Yen Rallies After Stocks Sell-Off, Struggles to Keep Gains

The Japanese yen rallied today but struggled to keep gains, losing them against some rivals outright. The possible reason for the rally was a massive sell-off of global stocks. As for macroeconomic indicators released in Japan over the course of the trading session, they were mixed.

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