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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 Little Changed Following Positive Revision of Japan’s GDP

The Japanese yen was little change today as the impact of the positive revision of Japan’s gross domestic product battled with the influence of stimulus expectations.

Yen Jumps After Kuroda Speaks

The Japanese yen gained against its major rivals during the Monday’s trading session following the speech from Haruhiko Kuroda, Bank of Japan Governor.

Yen Goes Down, Economic Data Doesn’t Support

The Japanese yen weakened a bit today even though economic data released from Japan was relatively good and should have supported the currency.

Yen Soft as Kuroda Talks About Additional Stimulus

The Japanese yen was soft today after Haruhiko Kuroda, Bank of Japan Governor, signaled that he is not afraid to add more stimulus if it would be necessary to reinvigorate the nation’s economy.

Yen Little Changed After CPI Shows Drop

The Japanese yen was little changed after a report showed that Japan’s deflation persisted despite the efforts of the Japanese central bank.

Yen Suffers from Fischer’s Comments

Riskier currencies reacted negatively to the comments that Fed Vice Chairman Stanley Fischer made on Sunday, but safer ones, like the Japanese yen, were also not immune to the impact.

Japanese Yen Gains Against Majors After Losses Last Week

Japanese yen is higher today, gaining against its major counterparts following last week’s losses. Weak data weighed on the yen last week, but this week the currency’s performance is driven by world events. For now, there is enough concern that the Japanese yen is up mostly across the board.

Yen Mostly Lower as GDP Stagnates

The Japanese yen traded mostly below the opening level against most major currencies, though there were few exceptions. Economic data released from Japan today was mixed, but the most important GDP report was poor, weakening the currency.

Yen Halts Rally

The Japanese yen fell against the US dollar and the Great Britain pound today following yesterday’s big jump.

Japanese Yen Gains on Change in Stimulus Expectations

Japanese yen is gaining ground today, heading higher against most of its major counterparts. The latest expectations for stimulus have changed, and that means that the yen is benefitting from the idea that actual stimulus won’t involve as much as originally expected.