JPY Trading Outlook Archive

The Japanese Yen (JPY) USD/JPY rallied off the Y93 level but profit takers capped at Y93.80 and we have seen the major and EUR/JPY fall back ahead of the BOJ today. Some expect the BOJ to pay lip service to global concerns about the recent… Read more

The Japanese Yen (JPY) USD/JPY shot above Y94 on the US treasury comments in Asian yesterday before falling all day and catching the market long ahead of the BOJ event risk tomorrow. So far in Asia Wednesday we have fallen through Y93 and still searching… Read more

The Japanese Yen (JPY) USD/JPY returned aggressively to the uptrend soaring from Y92.50 to fresh trend highs above Y94 after comments from the US Treasury Official Brainard that the US endorses Japans effort to end deflation and boost growth. EUR/JPY is leading again up to… Read more

The Japanese Yen (JPY) was stronger as EUR/JPY selling encouraged market wide profit taking from USD/JPY to AUD/JPY. EUR/JPY buying finally emerged at Y124.50 still above the Y124 lows on Tuesday before the large Middle Eastern sovereign orders shot the volatile pair to record highs… Read more

The Japanese Yen (JPY) was rejected from the strong Y94 resistance with many analysts suggesting that the path from Y94 to Y95 will be hard for the bulls and that consolidation of the recent gains would be needed first. We saw fresh profit taking sweep… Read more

The Japanese Yen (JPY) one again those buying into the correction were paid off handsomely last night with the BOJ Governor Shirakawa bringing forward his resignation date to allow a more dovish central banker to be appointed. USD/JPY bounced from Y92 to Y93.60 by the… Read more

The Japanese Yen (JPY) USD/JPY hit fresh trend highs above Y93 but was sold aggressively from this point as profit takers took control and EUR/JPY fell from Y126.50 to Y124.80. The selling has continued in Asia but we have consolidated above Y124.50 going into Europe… Read more

The Japanese Yen (JPY) Yen selling was aggressive again on Friday with the increase in US Unemployment Rate only providing only the smallest of pullbacks before the USD/JPY and EUR/JPY uptrends resumed. EUR/JPY hit fresh trend highs above Y127 before easing with the major. USD/JPY… Read more

The Japanese Yen (JPY) was sold aggressively across the board in waves of selling for the last 24 hours hitting trend highs against the USD, EUR and GBP. USD/JPY has tested Y92 in Asia trade ahead of the Key nonfarm payrolls tonight. EUR/JPY while heavily… Read more

The Japanese Yen (JPY) was in play yesterday hitting fresh trend highs at Y91.40 before being clobbered by the shocking GDP Figures. The negative number looks ugly but the internal make up suggest the US is not doing as bad as the figure suggests. Most… Read more