JPY Trading Outlook (14-04-2011)

The Japanese Yen (JPY) the USD/JPY move to day highs at the start of the US session on some EUR/JPY buying but this was reversed later as analysts downgraded US GDP forecasts and US Bond yields fell in response. USD/JPY moves are closely linked with US bonds yields which are used by traders to predict the timing of US FOMC Rate Hikes. Overall the USD/JPY traded with a low of 83.55 and a high of 84.28 before closing the day around 83.80 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.