Published by Jamie JemmesonThe yen looked set to register a weekly decline against all 16 of its most actively traded counterparts, data compiled by Bloomberg shows.In the week that Japan moved to stem the rise of the yen by increasing holdings in foreign currency, the yen slipped to a five-week low against the euro while also retreating from its recent 15-year high against the dollar.The intervention has dominated forex headlines this week and the decision to act unilaterally to deflate the yen has been met with much consternation, particularly in the US and Europe.However, looking ahead to today's trading, investors will be refocusing on global economic conditions to shape their forex risk management strategies.According to Bloomberg, Sue Trinh, a senior currency strategist in Hong Kong at RBC Capital Markets, told clients that "price action [in stocks] since yesterday’s London close has been distinctly 'risk-on'"."The dollar, the yen and the franc are the biggest losers as can be expected in that environment," she wrote in a note.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site.