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Japanese Yen Weakens on Disappointing Retail Sales, Construction Orders

The Japanese yen is weakening against multiple currency rivals to start the trading week, driven primarily by disappointing macroeconomic data. Despite higher-than-normal inflows into the traditional safe-haven asset, the yen slumped on worse-than-expected retail sales, construction orders, and housing starts. But could the world’s third-largest economy get a boost from one billionaire hedge fund manager’s recent play?

Euro Rallies on Positive Sentiment, Ignores Upbeat US Inflation Data

The euro today rallied higher against the US dollar driven by the risk-on market sentiment, which saw the dollar lose ground against riskier assets such as the single currency. The EUR/USD currency pair today rallied ignoring weak data from the euro area, and upbeat inflation data from the US as investors bid up the currency pair as European equities rallied.

Japanese Yen Mixed As BoJ Warns of Risks to Financial Stability

The Japanese yen is trading mixed against its most-traded currency rivals as the central bank is sounding the alarm on risks to financial stability in the wake of the coronavirus. This comes as the federal government has unleashed a massive stimulus package that extends a lifeline to consumers and the private sector, which is expected to weigh on Tokyo’s budget. With the country under a state of emergency and policymakers trying everything to stave off a recession, what else could […]

Japanese Yen Stuck Trading Sideways Against the Weak US Dollar

The Japanese yen today traded in a tight range against the US dollar despite the greenback’s overall weakness against other major currencies. The USD/JPY traded sideways even as the Nikkei 225 equity index closed lower for the day despite the risk-on market sentiment.

Yen Strong as Trade Wars Continue to Hurt Market Sentiment

The Japanese yen climbed against most major currencies today as the trade war between the United States and China continued to cause risk aversion on markets. Japan’s macroeconomic data was disappointing, but as it often happens, the currency paid little attention to domestic economic reports.

Japanese Yen Surges As Manufacturing Returns to Expansion

The Japanese yen is roaring against several of its major currency rivals on Tuesday, buoyed by positive manufacturing numbers. But the gains were slightly capped on concerns over the intensifying trade war between the world’s two largest economies and what their fallout might mean for Tokyo.

Positive Chinese Reports & Negative Domestic Data Send Japanese Yen Lower

The Japanese yen opened sharply lower and proceeded to fall against all other most-trade currencies, emerging as the weakest currency on the Forex market today. While the main reason for the drop was risk appetite caused by positive macroeconomic reports in China, domestic macroeconomic data did not do any good to the Japanese currency either.

Japanese Yen Gains, Ignoring Poor Domestic Data

The Japanese yen gained against its most-traded rivals today despite worse-than-expected domestic macroeconomic data.

Japanese Yen Retreats After Rallying Earlier, Undisturbed by Poor Data

The Japanese yen was among the strongest currencies on the Forex market today, though the currency has retreated by now. Poor domestic macroeconomic data had a limited impact on the currency.

Yen Trades Lower After Manufacturing Index Hits 29-Month Low

The Japanese yen was soft today after the manufacturing index hit the lowest level in almost two-and-half years.

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