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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

USD/JPY Prepared to Continue the Way to 105.50

The US dollar versus the Japanese yen currency pair looks well contained into the descending trend, a context for which the bears could only be joyful for.

Yen Recovers After Being Hurt by Market Sentiment, Retail Sales Match Expectations

The Japanese yen was soft today due to the positive market sentiment, which made traders less interested in safety provided by the currency. Currently, though, the yen has recovered against its major rivals, trading about flat versus most of them. Domestic macroeconomic data came out within expectations but as usual had limited impact on the currency.

Japanese Yen Strengthens on Leading Economic Index, Easing Signals

The Japanese yen is strengthening on Tuesday after new economic indexes climbed in April. This comes soon after the central bank signaled that it is willing to ease monetary policy if the economy warrants stimulus. Investors should also get a glimpse into the upcoming US-Japan trade negotiations as officials will meet with American trade representatives.

CAD/JPY Tries to Conquer 81.38

The Canadian dollar versus the Japanese yen currency pair gives the signs of a change in direction from a very important area.

Japanese Yen Soft After CPI Beats Expectations, Manufacturing PMI Misses Forecasts

The Japanese yen was weak for the most part today despite the better-than-expected inflation print and risk aversion among investors. Meanwhile, Japan’s manufacturing sector unexpectedly continued to contract.

Yen Soft After BoJ Meeting, Domestic Data

The Japanese yen rose against the US dollar but fell versus most other currencies today following the monetary policy announcement from the Bank of Japan and the release of all industry activity data.

Yen Mostly Flat During Directionless Trading

The Japanese yen was flat against most major currencies today, though fell versus the Swiss franc. The trading was somewhat directionless on Wednesday as traders were waiting for a monetary policy announcement from the Federal Reserve.

The Descending Trend on USD/JPY Awaits Confirmation

The price is above an important support area, but it does not seem to be willing any appreciation. The descending channel might give the explanation.

Next Move for AUD/JPY After Revisiting 74.96

By confirming 76.00 as resistance and revisiting 74.96 the price opens the door to very interesting possibilities.

Yen Rallies After Attack on Two Oil Tankers in Gulf of Oman

The Japanese yen rallied today after two oil tankers were supposedly attacked in the Gulf of Oman, leading to a surge of risk aversion on markets. Currently, the currency has trimmed its gains.

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