JPY Trading Outlook (09-03-2011)

The Japanese Yen (JPY) was weaker on the general USD strength and on strong demand for Yen crosses. AUD/JPY is the traditional carry trade and is well supported above Y83. Also helping the USD/JPY to move higher is the increase in US Bond Yields, closely watched for an indication of medium term interest rate expectations. Overall the USD/JPY traded with a low of 82.19 and a high of 82.88 before closing the day around 82.80 in the New York session.

Back to JPY Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.