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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?

Japanese Yen Strengthens As Abe Resigns, Economic Activity Rebounds

The Japanese yen is strengthening against its currency rivals to finish the trading week. The yen has found support on Prime Minister Shinzo Abe stepping down and renewed economic activity in the world’s third-largest economy. The yen has been performing well in 2020 as investors continue to seek traditional safe-haven assets in the fallout of COVID-19.

Japanese Yen Strengthens on BoJ’s ‘Whatever We Can’ Approach to Rescue Economy

The Japanese yen is strengthening against its G10 currency counterparts midweek, driven by the central bank’s signal that it would impose additional monetary stimulus to save the world’s third-largest economy. Investors were also bullish on new data showing banks are increasing their lending programs. With Tokyo planning to top up its $1 trillion stimulus efforts, could Japan avoid a financial crisis in the aftermath of the coronavirus?

Japanese Yen Holds Steady As Abe Extends State of Emergency

The Japanese yen is holding steady against its most traded currency rivals to start the week. After disappointing economic data and expanded monetary stimulus announcements last week, the yen is being largely driven by the government’s decision to extend the state of emergency for the rest of May. While Tokyo is bracing for a severe downturn, the tsunami of coronavirus cases has yet to occur.

Japanese Yen Moves Lower After Exports Collapse

The Japanese yen opened sharply higher against its most-traded rivals today but immediately started to move lower and continued its decline after the release of a poor report on the Japanese trade balance.

Japanese Yen Weakens As Abe Unveils $1 Trillion Stimulus Package

The Japanese yen is losing against multiple currency pairs to start the trading week, prompted by Tokyo unveiling a massive $1 trillion stimulus package to curb the economic fallout from COVID-19. While Japan has refused to institute a nationwide lockdown, Prime Minister Shinzo Abe declared a state of emergency to prevent coronavirus infections – domestic cases have topped 4,000. Can the world’s third-largest economy come out of the public health […]

Japanese Yen Strengthens on Better-Than-Expected Data, BoJ Stimulus

The Japanese yen is strengthening against different currency competitors midweek, buoyed by a plethora of economic data and outlooks that came in much better than initially anticipated. With the federal government set to unveil a comprehensive stimulus package to rescue the world’s third-largest economy from the fallout of the coronavirus pandemic, the yen’s safe-haven appeal may stay intact.

Japanese Yen Gains As Abe Prepares for ‘Boldest-Ever’ Stimulus

The Japanese yen is gaining against its biggest currency competitors to kick off the trading week as the nation braces for details surrounding the government’s “boldest-ever” stimulus package. Japan’s economic situation had been bearish prior to the coronavirus pandemic, but the outbreak has negatively affected the world’s third-largest economy. With the Tokyo Olympic Games postponed until the end of July, it is unclear how Japan can avoid slipping into […]

Japanese Yen Mixed on Tepid Data, Bearish Business Confidence

The Japanese yen is trading mixed on foreign exchange markets on Tuesday as recent economic data pointed to tepid conditions, diminishing overall business confidence. With the coronavirus crippling the world’s third-largest economy, policymakers are discussing a lot of ways to spur growth, including targeting the national sales tax.

Japanese Yen Rebounds Despite Heightened Recession Fears

The Japanese yen is rebounding on Tuesday after the safe-haven currency struggled to hold ground to kick off the trading week due to a disappointing gross domestic product reading. The yen’s jump, despite heightened recession fears, is being driven by decent industrial production in December. All eyes will now be on January trade data and machinery orders in December.

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