The Japanese Yen (JPY) Dollar weakness in Europe sent the USD/JPY back through year lows at Y82.80 to fall quickly Y82.10. The BOJ was noticeably absent and the market is now looking to test the central bank intervention policies.Overall the USDJPY traded with a low… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (08-10-2010)
October 8, 2010Japanese Yen (JPY) Trading Outlook (07-10-2010)
October 7, 2010The Japanese Yen (JPY) hit fresh decade lows underneath the September intervention level at Y82.80. The market is cautious at these levels of any new intervention from the Bank of Japan to stem the rise of the exporting currency. Overall the USDJPY traded with a… Read more
Japanese Yen (JPY) Trading Outlook (06-10-2010)
October 6, 2010The Japanese Yen (JPY) was sold initially in the Asian session after the Bank of Japan cut rates to 0-0.1% and the expansion of QE by 5trillion Yen. Europe was less than impressed however and traders their pushed the major back down for a test… Read more
Japanese Yen (JPY) Trading Outlook (05-10-2010)
October 5, 2010The Japanese Yen (JPY) little action was seen on the major with focus instead on crosses. The BOJ meet today and the market is very keen to see if the Central bank expands easing measures or comments on the strong Yen. Overall the USDJPY traded… Read more
Japanese Yen (JPY) Trading Outlook (04-10-2010)
October 4, 2010The Japanese Yen (JPY) the small range is highlighting the markets indecision with the next direction for the major with fears of BOJ intervention competing against USD weakness. Crosses are more interesting with AUD/JPY and EUR/JPY testing recent highs. Overall the USDJPY traded with a… Read more
Japanese Yen (JPY) Trading Outlook (01-10-2010)
October 1, 2010The Japanese Yen (JPY) took advantage of the weak USD to push slowly towards Y83 the crosses supported and the pair stayed inside a small trading range. The previous point of intervention was at Y82.88 and the market will be interest to see the Governments… Read more
Japanese Yen (JPY) Trading Outlook (30-09-2010)
September 30, 2010The Japanese Yen (JPY) quiet trading but with a downside bias continued with Y83.50 tested in Europe before stabilizing and remaining in a tight range for the rest of the day. EUR/JPY is holding firm above Y113 with the market waiting for fresh news. Q3… Read more
Japanese Yen (JPY) Trading Outlook (29-09-2010)
September 29, 2010The Japanese Yen (JPY) USD weakness pushed the major below Y84 with the market now looking to test the resolve of the Japanese Officials who may intervene again if FX moves threaten the economic recovery. Overall the USDJPY traded with a low of 83.68 and… Read more