{"id":45926,"date":"2014-01-03T05:54:27","date_gmt":"2014-01-03T10:54:27","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45926"},"modified":"2014-01-03T05:54:27","modified_gmt":"2014-01-03T10:54:27","slug":"usdjpy-yen-climbs-from-five-year-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/03\/usdjpy-yen-climbs-from-five-year-low\/","title":{"rendered":"USD\/JPY: Yen Climbs From Five-Year Low"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The yen rose against the greenback on the last day of the trading week, as the US dollar dropped from its five-year high in spite of the string of positive data released from the world\u2019s largest economy.<\/p>\n

The Japanese yen edged 0.46% higher at 104.31 yen at the time of writing. The yen was poised ending the first week of the year, rising as much as 0.9% against the US dollar at the time of writing.<\/span><\/p>\n

The EUR\/JPY currency pair was seen lower, as the Japanese yen rose 0.58% higher to \u00a5142.38 against the euro. The session opened at around \u00a5143.30, the yen dropped to \u00a5142.07 later during the day.<\/p>\n

Last year the Japanese yen dropped by 24.6% against the US dollar, marking its largest annual drop since 1979 and worst annual performer among its peers.<\/p>\n

Japan\u2019s Prime Minister Shinzo Abe started to follow the \u2018three arrows policy\u2019 targeted at reviving and sustaining the economic growth of the country.<\/p>\n

Japan is expected to increase its sales tax from 5% to 8% by April and to 10% by next year. The central bank are predicted to ease its monetary policy further, as market analysts forecast the nation\u2019s yen will decline throughout 2014.<\/p>\n

USD\/JPY –\u00a0US Dollar <\/span><\/h2>\n

A string of data\u2019s were released from the world\u2019s largest economy, from the US jobless claims which revealed a better-than-expected results and the Manufacturing Purchasing Mangers\u2019 Index (PMI), which expanded in December for the seventh consecutive month in a row.<\/p>\n

The data\u2019s was driven by the outlook that the Federal Reserve (Fed) would begin to taper its $75 billion monthly bond purchases this year.<\/p>\n

 <\/p>\n

Visit<\/i><\/strong>\u00a0<\/i><\/b>www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b>and start trading today with only $50 using the latest trading technology today.<\/i><\/strong><\/p>\n

The post USD\/JPY: Yen Climbs From Five-Year Low<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The yen rose against the greenback on the last day of the trading week, as the US dollar dropped from its five-year high in spite of the string of positive data released from the world\u2019s largest economy. The Japanese yen edged 0.46% higher at 104.31 yen at the time of … <\/p>\n

Continue reading “USD\/JPY: Yen Climbs From Five-Year Low”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-45926","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=45926"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45926\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}