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Japanese Yen Flat-to-Higher as Coronavirus Continues to Spread

The Japanese yen was trading either flat or higher against its most-traded rivals today as the coronavirus pandemic continued to spread across the world, causing panic and expectations of a global economic recession.

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 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 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.

Japanese Yen Gains After Inflation Data, BoJ Monetary Policy Decision

The Japanese yen gained against other most-traded currencies after today’s release of inflation data and yesterday’s monetary policy decision of Japan’s central bank. The gains were limited, though, as markets are feeling the holiday mood and trading is slowing.

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.

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 Yen Strong After Economic Data Meets Expectations

The Japanese yen was generally strong today amid persisting concerns about the US-China trade negotiations. Macroeconomic data released in Japan over Friday’s session was in line with expectations.

Yen Soft After Macroeconomic Releases in Japan

The Japanese yen was soft today following domestic macroeconomic releases. The data showed that the nation’s manufacturing sector was in bad shape. At the same time, unemployment remained extremely low, defying forecasts of an increase.

Yen Soft After CPI Misses Expectations

The Japanese yen was rather soft today, falling against riskier commodity currencies as well as the US dollar. The yen managed, though, to hold ground versus the euro and to gain on some other European currencies, like the Great Britain pound and the Swiss franc. The miss of an inflation figure was one of the possible reasons for the yen’s weakness.

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