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Yen Up Against Dollar After Weak US Data

The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last week’s meeting showed some concern about Japan’s economic outlook and whether the central bank’s 2% inflation target could be met. Meanwhile, soft US housing data weighed on the dollar, which also helped the yen gain against it. Data released...

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November 26, 2013 @ 8:50 am

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Euro Slides From A 4-Year High Against The Japanese Yen

The US dollar is broadly stronger against its major G10 counterparts on Monday while the yen remains weak as a result of a sell-off due to outflows from safe havens like itself. The more risk-on market sentiment today was boosted by a deal reached over the weekend to curtail Iran’s nuclear program. Also keeping the Japanese currency under pressure is expectation for further weakening in the...

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November 25, 2013 @ 2:48 pm

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EUR/JPY Hits A New 4-Year High

The dollar remains bullish against the yen, while the euro hit a new four-year high against the Japanese currency in today’s Asian session. Bank of Japan Governor Kuroda kept markets speculation that the yen will weaken over time as the BOJ continues with its aggressive monetary easing policy and asset purchase program which is aimed at fighting deflation in Japan. The euro climbed to a...

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November 25, 2013 @ 8:20 am

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Yen Hits 4-Year Low Versus Euro After BOJ Governor’s Speech

The yen remained under pressure in Friday’s Asian session after being pushed lower by Bank of Japan Governor Kuroda who appeared before the Japanese “Diet Committee” to talk about monetary policy. He reiterated the Bank of Japan’s commitment to undertake necessary policies to fight deflation. Such policies tend to have a weakening effect on the yen. The yen fell to a four-year low...

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November 22, 2013 @ 8:55 am

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