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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

Japanese Yen Shows No Trend After Slew of Economic Reports

A range of macroeconomic reports were released in Japan today. Most of them were within expectations, giving no edge to the nation’s currency. Therefore, the Japanese yen showed no discernible trend during the current trading session, rising against some rivals and falling versus others.

Japanese Yen Stable After Announcement of Snap Election

The Japanese yen was stable today despite the announcement of a snap election in October.

Japanese Yen Rallies After Trump Orders New Sanctions Against North Korea

The Japanese yen rose today as tensions between the United States and North Korea continued to escalate, making safe assets more appealing to investors.

UN Votes for Watered-Down Sanctions on North Korea, Yen Drops

The Japanese yen fell against other most-traded currencies during today’s trading as the situation around North Korea were calming down, prompting Forex market participants to leave safer currencies in favor of higher-yielding ones.

Yen Gains Despite Disappointing Growth of Japan’s Economy

The Japanese yen gained on its major rivals (though not on the Great Britain pound) today despite mixed domestic economic indicators. The likely reason for the currency’s good performance was the market sentiment that favored safer currencies.

Japanese Cash Earnings Drop Unexpectedly, Yen Fails to Hold Ground

The Japanese yen was attempting to hold ground after the report that showed a drop of wages in Japan. The attempt was succeeding for some time but ultimately failed, and the currency is now trading below the opening level.

Safe Assets Gain as North Korea in Spotlight Yet Again

Safe haven assets, like the Japanese yen, Swiss franc, and gold, started the week sharply higher as markets opened and reacted to the news that North Korea conducted yet another nuclear test on Sunday.

Japanese Yen Rises Versus Euro in Monday’s Quiet Trading

The Japanese yen rose against some major currencies, including the euro and the Great Britain pound, today. The gains were limited, though, and the yen was largely flat against other majors and even fell a bit against commodity currencies.

USD/JPY Lower After Trump’s Comments, Japan’s Manufacturing PMI

US President Donald Trump riled markets by his comments yet again. The resulting bid for haven allowed the Japanese yen to gain on the US dollar and some other currencies, like the Great Britain pound. Japan’s macroeconomic data helped the Japanese currency as well.

Yen Gains During Quiet Monday’s Trading

The Japanese yen gained today amid quiet trading as geopolitical risks made investors stick to the safety of the currency.

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