The Japanese Yen (JPY) USD/JPY’s free-fall yesterday from Y89.60 to Y88.60 was on the back of Economics Minister Amari comments he was worried about the pace of the Yen selling and that it could lead to inflation in the future. EUR/JPY and GBP/JPY are under… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (16-01-2013)
January 16, 2013Japanese Yen (JPY) Trading Outlook (14-01-2013)
January 14, 2013Japan’s (JPY) Abe has continued its support by continuing its purchase of US Debt. This has helped the US dollar (USD) move higher into levels not seen since May 2010. The dollar looks bullish with no resistance in sight. It opened higher early in the… Read more
Japanese Yen (JPY) Trading Outlook (11-01-2013)
January 11, 2013The Japanese Yen (JPY) USD/JPY soared overnight with breaking to fresh highs above Y88.50 and we are testing resistance above Y89 in Asia Friday. The biggest mover was the EUR/JPY which combined the USD/JPY and EUR/USD moves to surge over 300pips on the day closing… Read more
Japanese Yen (JPY) Trading Outlook (10-01-2013)
January 10, 2013The Japanese Yen (JPY) USD/JPY began its move in Asia rising from Y86.80 to Y88.00 be the end of the trading day with Japanese official ramping up the rhetoric on plans to increase fiscal spending. All the Yen crosses enjoyed gains on the back of… Read more
Japanese Yen (JPY) Trading Outlook (09-01-2013)
January 9, 2013The Japanese Yen (JPY) USD/JPY continued to ease lower falling below Y87 with traders taking profit ahead of Friday’s emergency stimulus budget. A lot of Yen crosses are under pressure technically and we could be in for more losses if the major continues to break… Read more
Japanese Yen (JPY) Trading Outlook (08-01-2013)
January 8, 2013The Japanese Yen (JPY) USD/JPY fell back from the Y88 level with profit taking adding to Dollar weakness later in the day. EUR/JPY helped support in the US session rising from Y114.10 to Y115.10. Jawboning from Japanese officials remains supportive but something of more substance… Read more
Japanese Yen (JPY) Trading Outlook (07-01-2013)
January 7, 2013The Japanese Yen (JPY) USD/JPY topped out at Y88.40 before falling sharply at the Nonfarm Payrolls number which disappointed a much higher rumor number. The fall proved short-lived with support at Y87.60 lifting the pair back above Y88 into the close. The recent rally is… Read more
Japanese Yen (JPY) Trading Outlook (03-01-2013)
January 3, 2013The Japanese Yen (JPY) USD/JPY is heading in only one direction lately and we opened Asia with even more gains breaking above Y87 on the back of the fiscal cliff news. EUR/JPY is leading the Yen crosses and is the strongest trend in the market.
Japanese Yen (JPY) Trading Outlook (02-01-2013)
January 2, 2013The Japanese Yen (JPY) USD/JPY is heading in only one direction lately and we opened Asia with even more gains breaking above Y87 on the back of the fiscal cliff news. EUR/JPY is leading the Yen crosses and is the strongest trend in the market.
Japanese Yen (JPY) Trading Outlook (27-12-2012)
December 27, 2012The Japanese Yen (JPY) USD/JPY extended gains dramatically post xmas with the market gapping above Y85 and pushing to Y85.60. All the Yen crosses are in solid uptrends and traders will be closely watching any comments from the PM Abe and new finance minister Aso.