Live JPY to PHP Exchange Rate

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Today's Forex News

USD/CAD retreats from multi-month top, eyes mid-1.3600s ahead of Canadian jobs data

The USD/CAD pair meets with some supply during the Asian session on Friday and erodes a part of the previous day's strong gains to 1.3700 neighbourhood, or its highest level since March 28. Spot prices currently trade around the 1.3670-1.3665 region, down 0.10% for the day, though the fundamental backdrop warrants some caution for aggressive bearish traders and positioning for any meaningful corrective slide.FX Street2023-09-08

USD/CAD Price Analysis: Defends 1.3650 resistance-turned-support ahead of Canadian jobs data

The USD/CAD pair comes under some selling pressure on Friday and reverses a part of the previous day's positive move to the 1.3700 neighbourhood, or its highest level since late March. Spot prices, however, manage to rebound a few pips from the daily low and trade around the 1.3665-1.3670 area during the first half of the European session, down less than 0.15% for the day.FX Street2023-09-08

USD/CAD retreats from multi-month top, eyes mid-1.3600s ahead of Canadian jobs data

The USD/CAD pair meets with some supply during the Asian session on Friday and erodes a part of the previous day's strong gains to 1.3700 neighbourhood, or its highest level since March 28. Spot prices currently trade around the 1.3670-1.3665 region, down 0.10% for the day, though the fundamental backdrop warrants some caution for aggressive bearish traders and positioning for any meaningful corrective slide.FX Street2023-09-08

Daily Forex News and Watchlist: GBP/CAD

Canada is printing its labor market numbers today! How do you think it will affect GBP/CAD's potential short-term reversal pattern?Babypips2023-09-08

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Is Mostly Flat Ahead Of The Weekend

Trading is calm in the absence of major catalysts.FXEmpire2023-09-08

USD/CAD: A Hot Canadian Employment/Wage Report Sends the Loonie Higher

Canada's economy isn't quite ready to cool. The latest Canadian employment report showed hiring bounced back in August, doubling expectations.Action Forex2023-09-08

Additional News:

USD/CAD Dips on Solid Canadian Data but Broader Outlook Tied to US Inflation

USD/CAD slides in reaction to strong employment growth in Canada, yet the broader direction of the pair could be more closely tied to the forthcoming U.S. inflation report next week.DailyFX2023-09-08

USD/CAD cracks on upbeat Canadian labor market data

The USD/CAD pair faces an intense sell-off as Statistics Canada has reported better-than-anticipated labor market data. The Canadian labor market witnessed fresh additions of 39.9K payrolls in August, more than doubling the expectations of 15K.FX Street2023-09-08

USD/CAD Price Analysis: Defends 1.3650 resistance-turned-support ahead of Canadian jobs data

The USD/CAD pair comes under some selling pressure on Friday and reverses a part of the previous day's positive move to the 1.3700 neighbourhood, or its highest level since late March. Spot prices, however, manage to rebound a few pips from the daily low and trade around the 1.3665-1.3670 area during the first half of the European session, down less than 0.15% for the day.FX Street2023-09-08

USD/CAD retreats from multi-month top, eyes mid-1.3600s ahead of Canadian jobs data

The USD/CAD pair meets with some supply during the Asian session on Friday and erodes a part of the previous day's strong gains to 1.3700 neighbourhood, or its highest level since March 28. Spot prices currently trade around the 1.3670-1.3665 region, down 0.10% for the day, though the fundamental backdrop warrants some caution for aggressive bearish traders and positioning for any meaningful corrective slide.FX Street2023-09-08

Daily Forex News and Watchlist: GBP/CAD

Canada is printing its labor market numbers today! How do you think it will affect GBP/CAD's potential short-term reversal pattern?Babypips2023-09-08

USD/CAD: A Hot Canadian Employment/Wage Report Sends the Loonie Higher

Canada's economy isn't quite ready to cool. The latest Canadian employment report showed hiring bounced back in August, doubling expectations.Action Forex2023-09-08

USD/CAD Dips on Solid Canadian Data but Broader Outlook Tied to US Inflation

USD/CAD slides in reaction to strong employment growth in Canada, yet the broader direction of the pair could be more closely tied to the forthcoming U.S. inflation report next week.DailyFX2023-09-08

USD/CAD cracks on upbeat Canadian labor market data

The USD/CAD pair faces an intense sell-off as Statistics Canada has reported better-than-anticipated labor market data. The Canadian labor market witnessed fresh additions of 39.9K payrolls in August, more than doubling the expectations of 15K.FX Street2023-09-08

USD/CAD Price Analysis: Defends 1.3650 resistance-turned-support ahead of Canadian jobs data

The USD/CAD pair comes under some selling pressure on Friday and reverses a part of the previous day's positive move to the 1.3700 neighbourhood, or its highest level since late March. Spot prices, however, manage to rebound a few pips from the daily low and trade around the 1.3665-1.3670 area during the first half of the European session, down less than 0.15% for the day.FX Street2023-09-08

USD/CAD retreats from multi-month top, eyes mid-1.3600s ahead of Canadian jobs data

The USD/CAD pair meets with some supply during the Asian session on Friday and erodes a part of the previous day's strong gains to 1.3700 neighbourhood, or its highest level since March 28. Spot prices currently trade around the 1.3670-1.3665 region, down 0.10% for the day, though the fundamental backdrop warrants some caution for aggressive bearish traders and positioning for any meaningful corrective slide.FX Street2023-09-08

Daily Forex News and Watchlist: GBP/CAD

Canada is printing its labor market numbers today! How do you think it will affect GBP/CAD's potential short-term reversal pattern?Babypips2023-09-08

The Evolution of the Japanese Yen: A Historical Perspective

The Japanese yen, symbolized as JPY or ¥, is the official currency of Japan and a significant player in the global economy. Its history is a fascinating tale of economic development, strategic decision-making, and national identity. This article delves into the origins, development, and significant milestones of the Japanese yen.

The yen was introduced in 1871, during the Meiji era, as part of the modernization drive of the Japanese economy. Before this, Japan had a complex system of currency, with a variety of feudal domains issuing their own coins. The New Currency Act aimed to simplify and centralize this system, replacing it with a decimal-based currency, the yen. The yen was divided into 100 sen and 1000 rin, mirroring the European currency systems of the time.

The early yen was a gold standard currency, pegged to gold at a rate similar to that of the US dollar or the British pound. This was a strategic move to facilitate trade and integration with the global economy. However, the high value of the yen led to outflows of gold from Japan, causing economic instability.

In response to this, Japan abandoned the gold standard in 1931, following the trend set by the UK and the US during the Great Depression. The yen was devalued, and exchange controls were introduced to stabilize the economy. During World War II, the yen was further devalued, and the economy suffered from hyperinflation.

Post-war, the yen was pegged to the US dollar under the Bretton Woods system at a rate of 360 yen to 1 dollar. This fixed exchange rate system helped stabilize the Japanese economy and facilitated the country's post-war recovery and rapid economic growth. However, the Bretton Woods system collapsed in 1971, and the yen became a free-floating currency in 1973. This allowed the yen's value to be determined by the foreign exchange market, reflecting Japan's economic conditions more accurately.

The 1980s saw the yen strengthen significantly against the US dollar, a period known as the 'Endaka' or high-yen era. This was due to Japan's booming economy and large trade surpluses. However, the bubble burst in the early 1990s, leading to a period of economic stagnation known as the 'Lost Decade'.

In terms of physical currency, the yen has seen several changes. Coins come in denominations of 1, 5, 10, 50, 100, and 500 yen. The designs on these coins, featuring iconic symbols like the chrysanthemum and sakura blossoms, reflect Japan's rich cultural heritage. Banknotes come in denominations of 1000, 5000, and 10,000 yen, with a new series introduced in 2019 featuring prominent Japanese figures and cultural symbols.

The yen has also been influenced by significant economic events, such as the Asian Financial Crisis of 1997 and the Global Financial Crisis of 2008. These crises led to fluctuations in the value of the yen and prompted policy responses from the Bank of Japan.

Today, the Japanese yen is one of the most traded currencies in the world, reflecting Japan's significant role in the global economy. It serves not only as a medium of exchange within Japan but also as a safe-haven currency in times of global economic uncertainty.

In conclusion, the history of the Japanese yen is a testament to Japan's economic resilience and strategic adaptability. From its early days under the gold standard to its current status as a free-floating currency, the yen has continually evolved to meet the nation's needs. As we look to the future, it will undoubtedly continue to adapt and serve as a key player in the

The Philippine Peso: A Historical Journey

The Philippine Peso, symbolized as PHP (₱), is the official currency of the Philippines, an archipelagic country in Southeast Asia. The history of the Peso is a captivating narrative that mirrors the economic, political, and social evolution of the Philippines.

The term "Peso" was derived from the Spanish word for "weight". The Spanish introduced the Peso to the Philippines during the colonial period in the 16th century. The Spanish-Filipino Peso was a silver coin that became the country's first unified currency, replacing a diverse array of gold, silver, and copper coins used in various regions.

The Spanish-Filipino Peso remained the currency of the Philippines until the end of the Spanish colonial period in 1898. Following the Spanish-American War, the United States took control of the Philippines and introduced the Philippine Peso, pegged to the U.S. Dollar at a rate of 2:1.

During World War II, the Japanese occupation forces issued their own version of the Peso, known as the Japanese Government-Issued Philippine Peso. This fiat currency was not backed by gold or foreign reserves, leading to hyperinflation.

After the war, the newly independent Republic of the Philippines established the Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) in 1949. The Central Bank issued a new Philippine Peso, backed by foreign reserves and pegged to the U.S. Dollar.

The post-war period was marked by economic growth and stability, with the Peso remaining relatively stable against the U.S. Dollar. However, the economic and political crises of the 1980s led to a sharp depreciation of the Peso.

In response to the crisis, the Philippine government implemented a series of economic reforms, including liberalizing the foreign exchange market and adopting a floating exchange rate system. These reforms, combined with debt restructuring and fiscal consolidation, helped stabilize the Peso and restore economic growth.

In the 21st century, the Philippine Peso has faced challenges from global economic volatility and domestic economic issues, including infrastructure deficits and corruption. However, the Philippines' robust economic growth and its status as a major emerging market have helped bolster the Peso.

In 2010, the Bangko Sentral ng Pilipinas introduced a new series of banknotes, known as the New Generation Currency (NGC) series. These notes feature iconic Philippine natural wonders and species, as well as prominent Filipino heroes and historical events.

In conclusion, the history of the Philippine Peso reflects the broader economic and political history of the Philippines. From its origins in the Spanish colonial period to its role in the modern Philippine economy, the Peso embodies the economic transformations that have shaped the Philippines. As the Philippines continues to evolve, the Philippine Peso will undoubtedly continue to play a crucial role in the country's economic narrative. The future of the Peso will be shaped by how effectively the Philippines navigates its economic challenges and capitalizes on its opportunities. As we look to the future, the Philippine Peso, like the Philippines itself, stands at the threshold of potential and promise.