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Japanese Yen Soft amid Risk Appetite, Manages to Hold Ground Against Some Rivals

The Japanese yen was relatively soft today due to the positive market sentiment limiting demand for the currency in its role as a safe haven. Nevertheless, the yen managed to hold ground against a range of its major rivals, even gaining on some of them.

Japanese Yen Weak Despite Record Surge of Coronavirus Cases

The Japanese yen was weak today amid a relatively positive market sentiment, which was limiting the appeal of the currency considered to be a safe haven during times of trouble. The traders’ mood remained optimistic despite the threat of the second wave of the coronavirus pandemic.

Japanese Yen Opens Higher, Turns Lower Afterward

The Japanese yen started the trading week higher versus other most-traded currencies but has reversed its movement afterward and is currently trading far below the opening level against basically all other major rivals. Market analysts explained the moves by the improving market sentiment, though, in the longer-term, the outlook remains favorable to the currency.

Yen Soft on Market Sentiment, Domestic Data, Economic Outlook

The Japanese yen fell against almost all of its most-traded rivals, though not against the US dollar, as the market sentiment was favorable to riskier currencies, not safer ones. Negative domestic macroeconomic data and the gloomy outlook from the Japanese central bank did not help the currency either.

Japanese Yen Flat After Economic Data, Falls vs. Franc & Sterling

The Japanese yen traded largely sideways today, though it slid against the Great Britain pound a bit and dropped versus the Swiss franc. The market sentiment was swinging between optimism and pessimism, making it hard for currencies to find a clear direction. Japanese macroeconomic data looked rather dire but not all reports turned out to be as bad as analysts were expecting.

Japanese Yen Struggles to Hold Ground After Awful GDP Print

The Japanese yen was vulnerable today after the release of an awful report on the country’s gross domestic product. Furthermore, investors were moderately hopeful that China’s efforts to battle the deadly epidemic of a coronavirus will bear fruit. Nevertheless, the yen did not perform that bad considering the circumstances, even managing to gain on some of its rivals.

Japanese Yen Halts Rally While Fears Persist

The Japanese yen halted its rally, trading flat today. For now, it does not seem that the market sentiment shifted much, and the pause in the rally was likely just a result of profit-taking following substantial gains of the currency. Domestic macroeconomic data was mixed, giving no clear picture of the Japanese economy.

Japanese Yen Flat vs. Major, Falls vs. Commodity Currencies

The Japanese yen was trading flat for the most part today, though fell versus commodity currencies. It looks like traders were not interested in safety provided by the Japanese currency despite increasing tensions between China and the United States over Hong Kong protests. There were plenty of macroeconomic reports released in Japan today but they failed to have a substantial impact on the currency during thin holiday trading.

Japanese Macroeconomic Data Positive, Yen Erases Rally

The Japanese yen was rising intraday on the persisting concerns about the US-China trade talks. But currently, the yen has fallen against all other most-traded rivals. Domestic macroeconomic data could not be blamed for the fall as today’s report was rather good.

Japanese Yen Falls Despite Market Sentiment, Positive Data

The Japanese yen fell against other most-traded currencies today even though markets were cautious amid a lack of new details about the US-China trade talks. Japan’s industrial production expanded more than was expected but that did not help the Japanese currency either.

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