The Japanese yen has slipped to its lowest level against its major currency counterparts in 2019 on Tuesday. Because of soft economic data and the central bank maintaining an accommodative monetary policy, analysts feel that Tokyo’s economic growth could be threatened in 2019, sending the yen lower.
The Japanese yen is making gains against a handful of currencies towards the end of the trading week. Currency investors appear to be bullish on the federal government’s positive tone on the Bank of Japan (BOJ)’s success in the economy. Traders are also sifting through recent reserve data, which showed a dramatic rise from the same time a year ago.
The Japanese yen is modestly strengthening against a basket of currencies on Tuesday, despite a fake news data scandal hitting Tokyo and economists increasing the odds of a recession hitting the world’s third-largest economy.
The Japanese yen is strengthening against its American counterpart midweek as the world’s third-largest economy is on track for its longest expansion since the Second World War. On the data front, there were plenty of positives to whet the appetite of Japanese investors. With the US-Japan trade negotiations on the horizon, markets may be rallying ahead of the economic storm clouds.
The Japanese yen is weakening against its US counterpart on Thursday after new data missed market forecasts. The currency is now looking to find direction on news that the federal government is aiming to allow more foreign workers to fill the labor gap in the world’s third-largest economy.
The Japanese yen is gaining against the greenback after a survey of economists found that they expect the national economy to recover in the fourth quarter. Tokyo experienced a disappointing third quarter, stemming from natural disasters that impacted the overall economy, from consumer spending to industrial output. But with a trade war looming, can Tokyo really spark a rally in the October-to-December period?
The Japanese yen is posting a modest rally against its American counterpart midweek as the central bank and the federal government send bullish messages to the market. But the tepid gains were capped by bearish economic data and forecasts. Despite fears of a pending trade war with the world’s largest economy, the yen has been performing admirably against the greenback in 2018.
The Japanese yen is rising against its American counterpart on Tuesday as officials maintain an upbeat tone on the national economy. This week, Japanese leaders are in China to discuss trade and find ways to improve commerce and relations amid trade tensions with the US.
The Japanese yen is rising modestly against its counterparts on Friday after new data suggests the country’s economic recovery is holding steady. But the International Monetary Fund (IMF) issued a report that urged Tokyo to take a breather and not declare victory just yet.
The Japanese yen is holding steady on Monday as the national economy grew at its fastest pace in two years during the second quarter. Japan’s economic outlook for the rest of 2018 might be gloomy because of recent natural disasters and potential trade tensions with the US.
