Tag Archives: Japanese Yen Currency
Yen Continues to Rise
Posted on30. Nov, 2009 by admin.
Despite a modest correction which took place close to the weekend, the Yen continues to strengthen on all fronts. The Yen rose against the Dollar, the Euro and the Pound during last week’s trading session.
The Yen rose on positive data that was published from the Japanese economy. The most significant economic publication from last week [...]
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Yen Advances vs. the U.S Dollar on Risk Aversion
Posted on27. Nov, 2009 by admin.
The Japanese Yen strengthened to a 14-year high against the U.S Dollar, rising past 85.00 to the greenback on speculation renewed risk aversion will enhance the allure of the Japanese currency as a refuge.
The Yen climbed as high as 85.83 per Dollar, the strongest since July 1995, before trading at 85.20 from 86.59 yesterday. The [...]
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Yen Rises against the Majors
Posted on26. Nov, 2009 by admin.
The Japanese Yen strengthened against most of its major counterparts yesterday, continuing to prove that for the time being that this is the solid currency that traders can rely on to provide them with steady profits. The Yen extended gains versus the Dollar on Wednesday, to trade at about 87.25. The JPY also saw bullishness [...]
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Yen Gains against Most Major Currency Counterparts
Posted on25. Nov, 2009 by admin.
Japan’s currency gained against 15 of its 16 major counterparts Tuesday, gaining broadly against the Dollar. Both the Yen and Dollar are popular funding currencies in carry trades in which these currencies are used by investors to buy equities and higher yielding currencies. As investors unwind these trades, the Yen tends to benefit against the [...]
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JPY Bounces Back After Yesterdays Losses
Posted on24. Nov, 2009 by admin.
The Japanese stock market took heavy losses in trading Tuesday, leading to impressive gains for the Yen a day after it sunk amid a global stock rally. Against the Euro, the yen moved from 133.22 to 132.77, signaling that the currency is rebounding from its previous losses. With the Nikkei 225 Stock Average falling for [...]
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Yen Strengthens on Positive Japanese Data
Posted on23. Nov, 2009 by admin.
The Yen rallied against all the major currencies last week. The Yen’s most remarkable appreciation was against the Pound, as the GBP/JPY pair dropped close to 400 pips. The Yen also saw rising trends against the Dollar and the Euro.
It seems that the main reason for the Yen’s strengthening is the positive data from the [...]
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Japan’s Economy Shrinks at Record Pace
Posted on20. May, 2009 by admin.
The Yen fell for a 3rd day against the EUR as stocks gained after a government report showed Japan’s economy shrank less than expected last quarter. The Yen fell to 131.17 per EUR from 130.81 yesterday in New York trading. The Japanese currency also declined against the Dollar to 95.70.
Japan’s economy shrank an annualized 15.2% [...]
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JPY’s Recent Gains Set to Reverse
Posted on27. Apr, 2009 by admin.
The Japanese Yen was set to advance itself throughout this week, after gaining steadily against most of its rivals, especially the USD. However, as the Nikkei index opened lower at the start of this week, the Yen’s safe-haven move may have ended abruptly this morning. Growing as high as 96.65 against the USD and 127.50 [...]
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Gains on Wall Street and an Indecisive ECB Leads JPY Higher
Posted on20. Apr, 2009 by admin.
The Japanese Yen appears to be on the receiving end of large buying session as traders pounce into the Asian currency to hedge against less certain investments like the EUR, GBP and even the U.S. Dollar. Dropping below key support levels against the EUR and GBP, the JPY appears to be on a fresh bullish [...]
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Japanese Yen Continues to Deteriorate
Posted on03. Apr, 2009 by admin.
The Japanese Yen has seen better days. Over the past week this island economy’s currency has consistently depreciated against the majors, losing considerably against the USD and EUR. The level of this depreciation does not appear to have any stops in the making. Japan has maintained a posture of weakening its currency to boost exports, [...]
