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Japanese Yen Strong as Coronavirus Panic Persists

The Japanese yen was among the strongest currencies on the Forex market today, rising against almost all of its major peers, though not against the Swiss franc, another refuge currency, and the surprisingly strong New Zealand dollar. The worsening coronavirus pandemic was driving investors to safer assets, including the yen. Domestic macroeconomic reports were mixed, giving no reason for the currency to move in any particular direction.

Japanese Yen Soft as Market Sentiment Favors Risk

The Japanese yen was weak today as the market sentiment continued to favor riskier currencies, not safer ones. Domestic macroeconomic data provided the currency no help, coming out withing expectations and signaling about the persisting weakness of the Japanese economy.

Australian Dollar Logs Gains, Analysts Skeptical

The Australian dollar logged gains against the majority of other most-traded currencies today. Market analysts explained gains of riskier commodity currencies by the rise of European stocks due to the preliminary trade agreement between the United States and China. Experts were skeptical, though, about the longevity of the gains as the US-China trade conflict is not over yet, and there are other reasons to worry, like the threat of hard Brexit and impeachment of US President Donald […]

Japanese Yen Rises After Mixed Macroeconomic Reports

The Japanese yen rose against the majority of most-traded currencies today, though failed to gain on the Australian and New Zealand dollars. One of the possible reasons for the rally were doubt about the chances of the United States and China reaching a trade deal before new US tariffs kick in on December 15. Japan’s macroeconomic data was mixed, giving the yen no additional support.

Yen Soft After Macro Releases, Comments from BoJ Official

The Japanese yen was soft versus the majority of its most-traded peers today. Domestic macroeconomic data was mixed and Bank of Japan officials were sending somewhat confusing signals about monetary policy in the future.

Japanese Yen Soft, Domestic Data Doesn’t Help

The Japanese yen was largely soft today as market participants felt no need for safety provided by the currency. Domestic macroeconomic data did nothing to help the currency.

Japanese Yen Profits from Risk Aversion Caused by Trade Wars

The Japanese yen surged against the majority of most-traded currencies today as the negative market sentiment drove investors towards safer assets. The yen posted losses versus the Swiss franc, which also profited from its role of a safe haven, though by now the Japanese currency has trimmed its losses.

Japanese Yen Moves Sideways, Economic Data Gives No Direction

The Japanese yen traded sideways today as markets were lying in wait for US nonfarm payrolls. Domestic macroeconomic data was somewhat mixed, giving the Japanese currency no direction.

Australian Dollar Rebounds Despite Domestic Data

The Australian dollar behaved similarly to its New Zealand counterpart today, falling intraday but rebounding later. Domestic macroeconomic data was not good, but that did not prevent the Aussie from bouncing.

Australian Dollar Strong Despite Negative Fundamentals

The Australian dollar was strong today, rising against almost all of its major rivals with the exception of the euro, shrugging of negative fundamentals.

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