Yen — News Archive

The Japanese yen was relatively strong today due to risk aversion caused by the US-China trade war. Surprisingly poor domestic macroeconomic data had limited impact on the currency.

The Japanese yen traded lower against its major peers today after the Bank of Japan left monetary policy unchanged, preserving its unprecedented stimulus.

The Japanese yen posted losses against its major rivals during the Wednesday’s trading session, dragged down by poor domestic macroeconomic data and the positive market sentiment.

The Japanese yen was relatively soft today despite solid macroeconomic reports released in Japan over the trading session. The reason for the currency’s unimpressive performance was the improving market sentiment.

The Japanese yen was among the strongest currencies today as the ongoing political crisis in Europe continued to bolster the currency. Domestic macroeconomic data was decent enough to provide further support to the yen.

The Japanese yen started the trading week soft amid the seemingly improving market sentiment, but now the currency is trading above the opening level against its major peers.

The Japanese yen ended the week as the strongest among the major currencies, supported by risk aversion. Market participants were seeking a safe haven amid geopolitical tensions and economic worries, and that led them to the safety of Japan’s currency.

Macroeconomic data released in Japan today was rather disappointing. Yet that did not prevent a sharp jump of the Japanese yen on the back of the worsening market sentiment.

The Japanese yen fell intraday, dragged down by underwhelming domestic macroeconomic data and the positive market sentiment. Yet the currency has bounced by now as the impact of risk appetite seemed to wane.

Japan’s economy surprised economists, unexpectedly halting growth last quarter. Yet that did not bother the Japanese yen, which rose against its major rivals today.