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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 Remains Strong As European Political Turmoil Persists

The Japanese yen was among the strongest currencies today as the ongoing political crisis in Europe continued to bolster the currency. Domestic macroeconomic data was decent enough to provide further support to the yen.

Japanese Yen Firms as Optimistic Market Sentiment Sours

The Japanese yen started the trading week soft amid the seemingly improving market sentiment, but now the currency is trading above the opening level against its major peers.

Japanese Yen Ends Week Strongest amid Risk Aversion

The Japanese yen ended the week as the strongest among the major currencies, supported by risk aversion. Market participants were seeking a safe haven amid geopolitical tensions and economic worries, and that led them to the safety of Japan’s currency.

Yen Jumps Sharply on Worsening Sentiment, Ignores Economic Data

Macroeconomic data released in Japan today was rather disappointing. Yet that did not prevent a sharp jump of the Japanese yen on the back of the worsening market sentiment.

Japanese Yen Bounces After Falling on CPI & Risk Appetite

The Japanese yen fell intraday, dragged down by underwhelming domestic macroeconomic data and the positive market sentiment. Yet the currency has bounced by now as the impact of risk appetite seemed to wane.

Japanese Economy Halts Growth, Yen Doesn’t Care

Japan’s economy surprised economists, unexpectedly halting growth last quarter. Yet that did not bother the Japanese yen, which rose against its major rivals today.

Japanese Yen Drops as USA Make Concessions to China

The Japanese yen traded broadly lower today after the news that the United States made some concessions to China in the trade talks. Japan’s macroeconomic data was unable to support the currency.

Japanese Yen Recovers After Intraday Losses

The Japanese yen fell during the Thursday trading session but has managed to trim its losses against some rivals and erase them outright versus other by now.

Japanese Yen Weak Across the Board

The Japanese yen was weak across the board today. Analysts provided various possible reasons for the currency’s extremely poor performance.

Japanese Yen Rallies Undisturbed by Detrimental Fundamentals

The Japanese yen was little changed against the US dollar but gained on other major rivals today. That was a surprising performance as fundamentals did not look supportive to the currency.

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