Japanese Yen (JPY)

JPY/EUR - Today's data summary

% change
+0.29%
Price Euros
0.0080
Change
0.0000
As of 19:51 26 Oct 2020

JPY/GBP - Today's data summary

% change
+0.04%
Price Pound sterling
0.0070
Change
0.0000
As of 19:51 26 Oct 2020

JPY/USD - Today's data summary

% change
-0.12%
Price US dollars
0.0100
Change
0.0000
As of 19:51 26 Oct 2020

Latest updates

  1. Business sentiment in Japan turns negative

    Photos of the mascots for Tokyo 2020 Olympic and Paralympic Games

    First quarter business sentiment in Japan plunged, the central bank said on Wednesday.

    The Bank of Japan's Tankan survey of business views for January to March was the first drop to negative in seven years.

    It follows the biggest GDP contraction in more than five years in the fourth quarter (October-December) sparked by a hike in the sales tax on 1 October last year that hit consumer spending.

    The survey did not capture the impact of the delay of the 2020 Tokyo summer Olympics now planned in 2021.

    The next two-day Bank of Japan monetary policy review is on April 27-28.

    The central bank already has negative interest rates, a measure designed to discourage commercial banks form buying short-term government securities and instead lend money to companies and consumers.

  2. Sterling up against the dollar

    currency center

    Sterling rose 0.76% against the dollar to $1.3147.

    Against the Euro, it slid 0.34% to €1.15 and against the Japanese Yen 2.16% to ¥134.48.

  3. Asian stocks drop after missile attacks in Iraq

    Stock trader in front of Asian markets boards.

    Asian stock prices were sent lower after two bases hosting US troops in Iraq were hit by ballistic missiles.

    Japan's benchmark Nikkei 225 stock index fell by 1.3%, and Hang Seng in Hong Kong was down 0.8%, and China's Shanghai Composite was 0.9% lower.

    At the same time oil prices have risen over the growing conflict in the Middle East. Brent crude was up by 1.4% at $69.21 per barrelin the middle of the Asian trade, easing back from earlier gains.

    So-called safe haven assets, like gold and the Japanese yen, also rose on the news.

  4. Twilight hour

    The Wall Street Journal has been looking at what went on in the currency markets overnight, when the Japanese yen surged against major currencies.

    It talks about "a one- to two-hour period when US traders are heading home - but market hubs in Singapore and Hong Kong aren’t yet fully up and running- has become known to traders as the twilight hour, a time when normally stable currencies can suddenly go haywire".

    The report, which is here, says such flash crashes in global currency markets have to date proved short lived and haven’t triggered major distress at banks or other financial institutions.

  5. Yen soars

    yen

    Amid anxiety about global growth, the yen is soaring.

    The currency is racing higher as investors look for safe places for their money.

    Apple's warning about revenues - in which it blamed China for slowing sales - prompted the move as it raised fears about global growth.

    The yen was at a ten year high against the Australian dollar and roaring against the US dollar which fell 4.4% to 104.10 yen at one point - the lowest level since March 2018.

    "The Apple news is driving safe haven flows, which have seemingly triggered a flash crash in forex," said Brad Bechtel, global head of foreign exchange at Jefferies.

    The move was likely exacerbated by a new year holiday in Japan.

  6. Yen jumps

    japanese flag

    Gold is not alone in benefiting from investors turning their back on riskier investments.

    Silver has touched its highest level since August while the Japanese yen is also on an upward path against the dollar.

    The dollar is at its lowest level against the yen since June, trading at around 108.71 yen.

    But, while the dollar is down against the yen, sterling is not benefiting. The pound is down 0.6% at $1.2665.

  7. Dollar slips against yen

    Dollar and Yen

    The dollar has fallen to a two-week low against the yen on the back of the latest global trade war concerns.

    The Wall Street Journal reported that the US Treasury Department is putting together rules that would block firms with at least 25% Chinese ownership from buying US companies involved in “industrially significant technology”.