US Treasury bond yields remain the top driver of Japanese yen price action, with the inverse correlation between a trade-weighted index of the currency’s average value against its top counterparts.

The Japanese currency is poised to rise against most of its major counterparts while trading lower against the US dollar.

The outlook for the yen looks clouded as it remains uncertain which reading of the post-QE landscape proves dominant in the week ahead.

The Japanese yen had it first losing week against the greenback in the last seven, but failed to break from its prevailing long-term bullish trend.

The Japanese yen continued to benefit from its safe haven status this week amid uncertainty in the global economy, but the advance in the currency may begin to lose momentum as governments and central banks aim to take the necessary steps to stabilize their economies.

The Japanese yen ended the week virtually unchanged against the dollar despite seeing extreme volatility on speculation surrounding the size of the Fed’s expected quantitative easing efforts.

With next to nothing of note on the domestic calendar, risk sentiment is likely to take over Japanese yen price action.

The Japanese yen continued to strengthen against the U.S. dollar amid growing speculation that the Fed will add to their quantitative easing efforts.

The Japanese yen continued to strengthen against the U.S. dollar amid growing speculation for another currency intervention.

Continued risk appetite could be the best case scenario for policy makers as it will lead to flows out of the safe haven currency as traders look for higher yields.