Archive for 'Japanese Yen'
Yen Rises Again
Posted on14. Dec, 2009 by admin.
The Yen saw mixed results against the major currencies during last week’s trading session. The Yen strengthened against the Dollar and the EUR, and only failed to rise against the Pound.
Several positive economic publications from Japan supported the Yen during last week’s trading. The Japanese Leading Indicators Index rose by 89.7% on October. This index [...]
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Yen Declines as Risk Appetite Returns
Posted on11. Dec, 2009 by admin.
As the stream of positive economic data from the U.S continues, the Yen continues to decline against the Dollar as well as riskier currencies as demand for higher-yielding assets returns. The Yen traded at 129.97 per EUR in today’s early trading, after weakening 0.4% yesterday and was at 88.43 against the Dollar. With a return [...]
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Yen Falls Following Australian Jobs Report
Posted on10. Dec, 2009 by admin.
Following yesterday’s gains against the Dollar and EUR, the Yen took steep losses after a very good Australian jobs report on Thursday morning. Investors appeared to be abandoning their safe haven positions with the Yen in favor of riskier currencies like the Aussie and Kiwi. Consequently the Yen fell to below 130.00 against the Euro [...]
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Yen Advances vs. Majors
Posted on09. Dec, 2009 by admin.
The Japanese yen may extend its advance versus all of its major counterparts after a reduction in Greece’s debt rating by Fitch Ratings and a Dubai developer’s $3.65 billion loss discouraged demand for riskier assets. Japan’s government announced today a 7.2 trillion yen economic spending package that includes 3.5 trillion yen to help regions, 600 [...]
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Dollar Drops against the Yen after Profit Taking
Posted on08. Dec, 2009 by admin.
The Dollar fell versus the yen yesterday with traders taking profits. The pair fell from last week’s one month high after the pair was boosted by the surprisingly positive U.S. Non Farm Payrolls report which posted better than expected job numbers.
As the USD/JPY approached the key 90 yen level, the currency pair was sold off. [...]
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Has the Yen’s Bullish Trend Reached its End?
Posted on07. Dec, 2009 by admin.
The Yen underwent a trend reversal during last week’s trading session. The Yen dropped against all the major currencies, including the Dollar, the Euro and the Pound. The Yen saw its sharpest slide against the Pound as the GBP/JPY pair rose by 600 pips and is currently trading around the 148.30 level.
The Yen’s downtrend came [...]
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Yen Slips against the Majors
Posted on04. Dec, 2009 by admin.
The Japanese Yen saw a bearish trading session yesterday, losing ground against most of its currency crosses. The JPY fell against the USD and closed at 88.20, while the EUR/JPY cross rose to around 132.85.
The yen was under pressure for the second straight day after the Bank of Japan said this week it would further [...]
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Yen Continues to Slide amid Rumors of Government Intervention
Posted on03. Dec, 2009 by admin.
The Yen continued its downward slide against its major currency rivals on Wednesday amid rumors that the Japanese government will intervene in order to devalue the currency. A high yielding Yen has been hurting the Japanese export industry, leading to calls among officials to appeal to both the American and European governments to intervene in [...]
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Yen Weakens on BOJ New Operations
Posted on02. Dec, 2009 by admin.
The Japanese yen was off its lows against the U.S. dollar, with investors disappointed by the Bank of Japan’s (BoJ) steps to attack deflationary pressures. Traders said some long dollar/yen positions are likely to be liquidated further. The JPY weakened after the Bank of Japan announced more monetary easing measures to fight deflation and help [...]
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Yen Steady against the Dollar
Posted on01. Dec, 2009 by admin.
The Yen fell for the first time in six days against the EUR on optimism regarding Dubai World debt issues. The safe haven Yen also remained up against the Dollar, despite the cautious move back to riskier assets.
The move to safety followed the news of a payment freeze on the $60 billion debt of Dubai [...]
