Tag Archives: yen

Yen hits 4-year low vs. USD

The yen plunged to its lowest in more than four years against the dollar on Friday as the greenback rallied broadly on US data while Japanese data showed more buying of foreign assets. USDJPY broke above the key 100 yen level on Thursday and continued to surged higher as the yen weakness was made worse on expectations that the recent strong US data will prompt the US Federal Reserve to taper...

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May 10, 2013 @ 2:08 pm

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Yen extends losses as BOJ begins monetary easing

The yen extended losses in early Monday trading, as the selloff continues in reaction to the Bank of Japan’s pledge to ease monetary policy. After its policy meeting last Thursday, the Japanese central bank announced that it would expand its bond purchases within two years in an effort to fight deflation and stimulate the economy. Since the announcement investors have been selling...

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April 8, 2013 @ 7:22 am

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Yen’s renewed safe haven role derails Abe’s tough monetary policies

The yen has been in demand in the past two days as its safe haven status has re-emerged in the midst of renewed euro zone crisis fears. Political turmoil in Italy raised concerns  that the austerity measures and reforms put in place to help the country out of a deep crisis may be hanging in the balance as the political deadlock after an inconclusive election gave a wake-up call to investors that...

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February 27, 2013 @ 6:46 pm

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Dollar ticks up versus yen after US housing data

The dollar ticked up against the yen during Wednesday’s early US  trading session as yen slipped slightly on some profit taking. The Japanese currency failed to react to Japan’s weak trade data which showed the country’s deficit widened more than expected last month . Yen is being supported by comments from Japanese officials regarding monetary easing policies. Japanese Prime Minister...

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February 20, 2013 @ 2:00 pm

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