The Japanese yen was flat against most of its major rivals amid conflicting reports about the probability of reaching a phase-one trade deal between the United States and China before the new US tariffs, scheduled to take effect on December 15, will kick in. Domestic macroeconomic data was relatively good but slightly worse than expected.
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 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 was firm today as the market sentiment turned cautious. Some of domestic macroeconomic releases were also helpful to the currency.
The Swiss franc was soft today as the market sentiment remained positive, hurting demand for the currency often used as a safe haven. Markets largely ignored the strong language of US President Donald Trump regarding China.
The Japanese yen was mixed today amid mild risk aversion on the Forex market. Traders were reluctant to open new positions at the start of the week full of important events.
The Swiss franc, as well as other safe currencies like the US dollar and the Japanese yen, were extremely strong on Tuesday amid speculations whether the Federal Reserve will cut interest rates this year and how much. Domestic macroeconomic data was also supportive of the Swissie.
For a while today, the Japanese yen was one of the strongest currencies on the Forex market, opening sharply higher against its rivals. But by now it has lost gains against all of its major peers despite the positive outlook for Japan’s economy. Domestic macroeconomic data was not especially good, though.
The Japanese yen weakened today due to risk appetite caused by news about a trade truce between the United States and China. The currency has trimmed its losses later, though, erasing them against some rivals outright. Macroeconomic data released in Japan over the trading session was mixed.
