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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

Accelerating Growth of Manufacturing Doesn’t Help Japanese Yen

The Japanese yen fell today even though Japan’s manufacturing sector was expanding with an accelerating pace this month.

Japanese Yen Gains Even as Economic Growth Slows

The Japanese yen gained today even as the country’s economic growth missed expectations. Some analysts argued, though, that the data was not entirely bad, and this may explain the currency’s gains.

Yen Flat-to-Lower After Kuroda’s Speech

The Japanese yen was stable against such currencies as the US dollar and the Great Britain pound today, but fell against such European majors like the euro and the Swiss franc.

Japanese Yen Falls After Kuroda’s Speech, Quickly Reverses Drop Later

The Japanese yen dropped sharply today after Bank of Japan Governor Haruhiko Kuroda signaled that the central bank is going to maintain monetary stimulus for the a long time. Yet the currency quickly reversed its movement, trimming losses against some currencies, while erasing them outright versus others.

Japanese Yen Weakens as Bank of Japan Maintains Stimulus Easing Stance

The Japanese yen weakened against other major currencies on Tuesday as the Bank of Japan kept its interest rates unchanged and maintained its position on stimulus easing. The nation’s central bank also updated its outlook for inflation in 2017 and 2018, while keeping the 2019 forecast without a change.

Japanese Yen Weakens on Lower Manufacturing PMI, Politics

The Japanese yen weakened today following the report that showed slowdown of Japan’s manufacturing sector, though analysts argued that markets had little interest in economic data from Japan, continuing to pay more attention to Japan’s politics.

Japanese Yen Opens Sharply Lower After Abe Secures Power

The Japanese yen opened sharply lower today after the ruling coalition won the snap general election over the weekend, preserving status quo and making it sure that the current ultra-loose monetary policy stays in place.

Japanese Yen Mixed During Thursday’s Trading

The Japanese yen rallied against such most-traded rivals as the US dollar and the Great Britain pound during the current trading session. At the same time, it was unable to gain on the European currencies like the euro and Swiss franc, which is surprising considering the political turmoil in Europe, specifically in Spain.

Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world.

Japanese Yen Gains vs. US Dollar, Falls vs. Other Majors

The Japanese yen rose against the US dollar today but fell against other major rivals. The drop followed last week’s substantial gains.

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