Japanese Yen News
This is the category page for all Japanese Yen news here on ukfx.co.uk...
Dollar softens against the yen
17 Jul at 9 AM
News Item Link: Dollar softens against the yen
A dovish approach by chairman of the US Federal Reserve, Ben Bernanke, has pushed the dollar lower. Overnight the greenback slid to its lowest level in nearly three weeks with the dollar index losing 0.6 per cent to hit 82.639. This saw some recovery in the euro, which ended at $1.3140. Although the dollar is down on its high of 101.53...
Euro and pound hammered
10 Jul at 10 AM
News Item Link: Euro and pound hammered
Suggestions that the European Central Bank intends to keep interest rates low for the foreseeable future have driven the euro and the pound down. The single currency is currently trading at $1.2779, having earlier dipped as low as $1.2755. Joerg Asmussen, policy-maker at the ECB, said he expected interest rates to remain at a record low for...
Dollar drops on disappointing economic data
1 May at 9 AM
News Item Link: Dollar drops on disappointing economic data
Disappointing economic data coming out of the US has seen the dollar drop to a two-month low against a basket of other major currencies. Investors now doubt that the Federal Reserve will pull back on its policy of monetary easing in the near future. Figures for April show that in some parts of the US business activity is shrinking. Economic...
Euro drops against the dollar
24 Apr at 9 AM
News Item Link: Euro drops against the dollar
The euro has ended at its lowest level against the US dollar in two weeks as weak data from Germany indicates that recovery in the eurozone remains sluggish. The news also means the European Central Bank could move ahead with an interest rate cut. At its lowest point the euro was trading at $1.2971 and was last at $1.2998. Data for April...
Euro rallies as gold prices stabilise
17 Apr at 9 AM
News Item Link: Euro rallies as gold prices stabilise
The yen has dropped against the euro and the US dollar as investor anxiety eased following the recent dramatic fall in gold prices. A fall in US factory output along with lower consumer prices has fuelled predictions that the US Federal Reserve will continue with its policy of monetary stimulus. Forex.com senior currency strategist, Eric...
Yen drops against US dollar
10 Apr at 9 AM
News Item Link: Yen drops against US dollar
The yen has ended near its lowest level in four years against the US dollar after the Bank of Japan announced last week that it will be implementing an ambitious monetary policy in order to boost the economy. The dollar is currently hovering around the 99 yen mark after earlier moving as high as 99.67 yen. According to some analysts there...
Euro down as traders focus on Cyprus impact
27 Mar at 9 AM
News Item Link: Euro down as traders focus on Cyprus impact
The euro is currently at a four-month low against the US dollar as fears persist about the health of the single currency following a bailout deal with Cyprus. The worry is that bond holders and bank depositors could end up paying the price for other rescue deals within the bloc. Eurogroup head, Jeroen Dijsselbloem, originally said that the...
Pound drops against disappointing industrial output
13 Mar at 9 AM
News Item Link: Pound drops against disappointing industrial output
An unexpected fall in industrial output in January has seen sterling weaken to $1.4832, the lowest level for the pound against the dollar since June 2010. The British currency also hit A$1.4370, its lowest point against the Aussie since 1985. In a note ANZ pointed to a lack of fresh initiatives and a lack of ability to ease fiscal policy at...
Yen rises due to uncertainty in Tokyo
20 Feb at 9 AM
News Item Link: Yen rises due to uncertainty in Tokyo
The yen is up against the US dollar as analysts remain uncertain about just how aggressive the Japanese government will be in easing monetary policy. The greenback hit 93.55 yen on Wednesday, a fall of 0.1 per cent. The market is expecting the recent decline of the Japanese currency to slow as doubts remain as to whether the Bank of Japan...
Dollar drops against the yen
13 Feb at 12 PM
News Item Link: Dollar drops against the yen
Concerns over the effect Japan’s policy of monetary easing might have on exchange rates has put the yen at centre stage. The Group of Seven has expressed concerns although Japan’s finance minister Taro Aso has assured that the Bank of Japan’s policies are aimed at devaluation and not the global exchange markets. Since last November...