|Bid||31.89 x 200|
|Ask||92.46 x 100|
|Day's Range||66.20 - 66.20|
|52 Week Range||55.07 - 70.78|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.48%|
The Japanese yen (JYN) managed to hold on to its gains from the past two weeks despite the increase in risk appetite. The Japanese yen is considered a safe haven in times of market sell-offs and had seen increased demand during the recent market correction. The surprise was that the yen held on to its gains during the market rebound.
The Japanese yen (JYN), along with the US dollar, saw a sharp increase in demand as risk aversion gripped global markets. The yen is considered a safe haven in times of market sell-offs because of its current account surplus. In the week ended February 9, the yen (FXY) closed at 108.80 against the US dollar (UUP), appreciating by 1.2%. Japanese equity markets (EWJ) fell sharply, reacting to the global market sell-off, with the Nikkei 225 (JPXN) posting a loss of 8.1% in the week ended February 9.
The Japanese yen (JYN) retracted against the US dollar last week as US dollar bulls tried to take control. A hawkish Federal Reserve along with a strong jobs report and wage growth gave some reason for the dollar bulls to cheer, and that resulted in a decrease in demand for the Japanese yen. For the week ended February 2, the Japanese yen (FXY) closed at 110.16 against the US dollar (UUP), depreciating 1.3%.
The Japanese yen (JYN) was the only major currency that was unable to benefit from the weakness in the US dollar (UUP), although that trend changed during the week ended January 12. During the week, the yen (FXY) closed at 111.04 against the US dollar (UUP), compared to 113.08 in the week ended January 5, appreciating by 1.8%. The boost to the yen came from the US dollar’s weakness and the comments from Bank of Japan governor Haruhiko Kuroda, who expressed confidence about the Japanese economy.
The Japanese yen (JYN) is the only currency that is unable to capture the weakness in the US dollar (UUP). For the week ended January 5, 2018, the Japanese yen (FXY) closed at 113.09 against the US dollar (UUP) compared to 112.69 in the previous week, depreciating 0.35%. The Japanese markets were closed three days last week, and no economic data were reported.
For the week ended December 15, the Japanese yen (FXY) closed at 112.58 against the US dollar (UUP), appreciating by 0.79%.
At its October policy meeting, the Bank of Japan left its ultra-loose monetary policy unchanged. The decision was made by an 8-1 majority vote.
The Bank of Japan left its policy unchanged at its September meeting. By an 8–1 majority vote, the policy board decided to leave its policy and its QQE with a yield curve control unchanged.
The Japanese yen gained ground against the US dollar last week, closing at 107.8 against the US dollar, which appreciated 0.56%.
The surprise turnaround in the US dollar after the August jobs report on Friday, September 1, 2017, saw the Japanese yen (JYN) lose its gains from August.
For the week ending August 25, the Japanese yen (FXY) closed at 109.36—compared to the US dollar (UUP). Last week, the yen fell 0.16%.
The Japanese yen (JYN) continued to be in demand despite the drop in geopolitical risks arising out of the US-North Korea tensions.
The Japanese yen closed the week ended August 4 at 110.69 against the US dollar compared to 110.67 for the week ended July 28.
The Japanese yen (JYN) had another positive week, posting gains of 1.3% and closing at 111.12 against the US dollar (UUP). The previous week’s close for the currency pair was…
According to the statement it released at the end of its two-day meeting on July 20, 2017, the Bank of Japan has left its monetary policy unchanged.
The Japanese yen continued its negative trend in the holiday-shortened week ended July 7, 2017. The USD-JPY currency pair closed the week at 114.00.
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