The Japanese yen gained on commodity currencies but was trading flat against most major currencies, with the exception of the US dollar. Domestic macroeconomic data was decent, with the GDP figure getting a positive revision compared with the preliminary report.
The Japanese yen was soft today as mild risk appetite on the Forex market limited demand for the currency in its role of a safe haven. But the yen has trimmed losses by now, even managing to gain on some of its rivals. Domestic macroeconomic data was mixed, but no outright negative indicators were released today.
The Japanese yen is strengthening against multiple currency pairs midweek, driven by better-than-expected banking lending and manufacturing prices. Will this be enough to quash concerns about a possible recession? After last week’s surprise decline in machinery orders, it is unclear where the Japanese economy is heading.
The Japanese yen today rallied against the US dollar in a risk-off market environment as the greenback sold off after yesterday’s FOMC rate decision. The USD/JPY currency pair today crashed to new lows after the release of upbeat housing and construction data from the Japanese docket.
The Japanese yen was little changed following a report that showed that economic activity in Japan slowed this month. The services sector barely expanded as its rate of growth slowed sharply compared with September, while the manufacturing sector accelerated the rate of its decline unexpectedly.
The Japanese yen attempted to rally intraday but has lost is gains completely against all other major currencies by now. One of the possible reasons for the initial rally of the yen was the worsening market sentiment as traders were becoming less and less optimistic about the trade negotiations between the United States and China. But poor domestic macroeconomic data and the dovish outlook for monetary policy of the Japanese central bank did not allow […]
The Japanese yen fell against other major currencies today as the mood on markets was generally optimistic, giving little incentive for traders to buy safer currencies. Domestic macroeconomic data was not helping the yen either, being disappointing for the most part.
The Japanese yen was mixed today despite the market sentiment that was favorable to safer currencies. Domestic macroeconomic data was mixed, but there were more negative reports than positive ones. Additionally, Japan’s central bank signaled about the possibility of additional monetary easing soon.
The Japanese yen did not demonstrate a clear trend today, falling versus the US dollar and the Swiss franc, gaining on the Great Britain pound, and staying flat versus the euro. Monetary policy minutes of Japan’s central bank reiterated the possibility of additional monetary easing. Domestic macroeconomic data was mixed.
The Japanese yen fell today amid the improving market sentiment, poor domestic macroeconomic data, and the negative outlook for monetary policy. But the losses were extremely small, perhaps due to some good news about the US-Japan trade negotiations.
