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Japanese Yen Beats Other Rivals amid Risk Aversion

The Japanese yen was the strongest currency on the Forex market during Friday’s trading session as markets were in a risk-off mode after concerns about the situation in Hong Kong returned. Japan released a bunch of macroeconomic reports on Friday, some of them were better than expected while others were worse.

USD/JPY Bounced off the 108.05 Resistance

The US dollar versus the Japanese yen currency pair seems to have hit the wall at the 108.05 intermediary level. Does the next support, the psychological 107.00, serve as a solid ground for the bulls to resume a rise?

Yen Soft on Market Sentiment, Domestic Data, Economic Outlook

The Japanese yen fell against almost all of its most-traded rivals, though not against the US dollar, as the market sentiment was favorable to riskier currencies, not safer ones. Negative domestic macroeconomic data and the gloomy outlook from the Japanese central bank did not help the currency either.

USD/JPY Bounces off the 108 Psychological Level

The US dollar versus the Japanese yen currency pair is still to decide about the overall direction.

Bulls on USD/JPY Regrouping from the 107.00 Handle?

The US dollar versus the Japanese yen currency pair oscillates around the 107.09 level. Is there a lack of direction?

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 Weakest on Forex After US-China Trade Talks

The Japanese yen was the weakest currency on the Forex market today after the market sentiment improved, limiting demand for the currency in its role as a safe haven. Traders felt more optimistic after the seemingly positive developments in the trade talks between the United States and China.

USD/JPY Heading for the 105.55 Major Support

The US dollar versus the Japanese yen currency pair is approaching the weekly support level of 105.55. How may the market react?

Japanese Yen Rallies Against US Dollar on Safe Haven Flows

The Japanese yen today rallied against the US dollar driven by the risk-off market sentiment, which saw the yen benefit from safe-haven flows. The USD/JPY currency pair fell to new multi-week lows as the yen kept making gains against the greenback despite the DXY’s gains.

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.

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