The Japanese Yen (JPY) USD/JPY accelerated higher after breaking resistance at Y80.40 we moved above Y81 in the US session. The snap Japanese elections and competing rhetoric between the two leaders of the largest parties in Japan has put the Yen under heavy selling pressure… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (15-11-2012)
November 15, 2012Japanese Yen (JPY) Trading Outlook (14-11-2012)
November 14, 2012The Japanese Yen (JPY) USD/JPY tracked stocks lower then back up yesterday with EUR/JPY leading the market in Asia. AUD/JPY is doing well back at Y83 after being bought aggressively on dips. USD/JPY closed at Y79.50 and is likely to remain range trading.
Japanese Yen (JPY) Trading Outlook (13-11-2012)
November 13, 2012The Japanese Yen (JPY) is gathering support grinding above Y79.60 in Asia Tuesday. Many of the larger players and hedge funds are taking the increasing threats from the BOJ/MOF more seriously this time and with Q3 GDP slipping into negative we could see action sooner… Read more
Japanese Yen (JPY) Trading Outlook (12-11-2012)
November 12, 2012The Japanese Yen (JPY) the Yen remained strong on Friday but the USD/JPY was able to lift off lows on the better economic data from the US. USD/JPY found support at Y79 and we closed at Y79.50. The outlook is for more range trading now… Read more
Japanese Yen (JPY) Trading Outlook (09-11-2012)
November 9, 2012The Japanese Yen (JPY) was the main currency in play overnight with USD/JPY leading the other Yen crosses lower. As mentioned above US Bond Yields are dropping after Obama won his second term of President as he will likely pick a head for the US… Read more
Japanese Yen (JPY) Trading Outlook (08-11-2012)
November 8, 2012The Japanese Yen (JPY) USD/JPY kept close to the Y80 level with the falling yields on US treasuries hurting demand for the competing safe haven. EUR/JPY led the selling down to Y102 and is threatening to fall further in Asia as risk aversion spreads and… Read more
Japanese Yen (JPY) Trading Outlook (07-11-2012)
November 7, 2012The Japanese Yen (JPY) the USD/JPY enjoyed gains back above Y80 during the US session but we have seen heavy selling come through on the pair since Obama was projected to win. EUR/JPY was even more volatile falling sharply from Y103 to Y102.30 and then… Read more
Japanese Yen (JPY) Trading Outlook (06-11-2012)
November 6, 2012The Japanese Yen (JPY) the USD/JPY opened at Y80.50 before easing back to Y80.20 and remaining steady for the rest of the day. EUR/JPY dragged lower with the uncertainty over the future of Greece and Spain inspiring a move back below Y103. The US elections… Read more
Japanese Yen (JPY) Trading Outlook (05-11-2012)
November 5, 2012The Japanese Yen (JPY) the USD/JPY was immediately stronger after the NFP released with the US economy showing signs of life. While we have broken Y80 technically to the topside the US elections will likely cap moves till we have a result. EUR/JPY is hard… Read more
Japanese Yen (JPY) Trading Outlook (30-10-2012)
October 30, 2012The Japanese Yen (JPY) the USD/JPY found support at the 200DMA and we bounced to Y79.80 into the close ahead of the BOJ today. Expectations are high that the BOJ will further expand its easing policies and help stimulate the economy through the weakening of… Read more