Japanese Yen Mostly Lower On Supportive Risk Sentiment

The Yen is currently weakening against all major currencies. Last week, Japanese yen sold off against the Dollar following rising US producer and consumer price index figures. The yen has become particularly weak against the dollar.

When looking at the yen more broadly, recent Japanese economic data has been surprisingly strong. The data shows that year-over-year Japanese growth peaked in the fourth quarter of last year; recent data has accelerated relative to previous monthly figures.