Yen — News Archive

The US dollar versus the Japanese yen currency pair seems to have been taken over by the bears, as the price slipped beneath the 107.00 psychological level. Do the bulls still have any chances?

The Japanese yen is trading relatively flat against many of its major currency counterparts on Tuesday. The yen has been struggling to find direction so far this week as household spending data disappointed and investors try to weigh the central bank’s decision to embark upon a policy of yield-curve control. Although Japan was able to flatten the coronavirus curve, it has reported a renewed uptick in confirmed cases. Will the world’s third-largest […]

The United States dollar versus the Japanese yen currency pair, at first glance, seems to be in bullish hands. But is it so?

The Japanese yen started the trading week higher versus other most-traded currencies but has reversed its movement afterward and is currently trading far below the opening level against basically all other major rivals. Market analysts explained the moves by the improving market sentiment, though, in the longer-term, the outlook remains favorable to the currency.

The main theme for today was the release of PMI reports for various parts of the world, though the topic of the US-China trade deal was also in the news. Overall, markets were in a positive mood, favoring high-beta currencies. Surprisingly, that did not result in a total sell-off of the Japanese currency. The yen fared rather well, holding its ground against most of its rivals and even gaining on some of them.

The US dollar versus the Japanese yen currency pair slipped under the 107.00 psychological level and had a hard time recovering since. Will the bulls be able to pull it off this time as well?

The US dollar versus the Japanese yen currency pair recent fall seems to be limited by the 107.00 psychological level. Are the bears taking a pause, or it is the bulls trying a comeback?

The Japanese yen rallied intraday during Wednesday’s trading session but has lost gains against the majority of its most-traded peers. The currency did not fall against all of them, though, most notably keeping gains versus the US dollar ahead of the monetary policy announcement from the Federal Open Market Committee later today.

The Japanese yen rallied at the start at the trading week, rising against almost all other most-traded currencies with the exception of the Australian dollar. Traders were cautious due to various negative factors such as the anticipation of a global economic slowdown, the conflict between the United States and China, and protests in the USA.

The Japanese yen was the worst performer on the Forex market today as the positive sentiment favored riskier currencies, not safer ones. Currently, though, the yen has trimmed its losses, even managing to gain on another safe-haven currency — the Swiss franc.