The Japanese Yen (JPY) the new trend in the market seems to be gaining new followers each day as the buyers carve out daily gains. Multi-week highs were seen on Friday and this has continued on Monday in Asia with a break above the key… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (20-08-2012)
August 20, 2012Japanese Yen (JPY) Trading Outlook (17-08-2012)
August 17, 2012The Japanese Yen (JPY) Yen weakness continued overnight with USD/JPY pushing higher into the Y79 region after heavy sell orders where worked through and the crosses enjoyed fresh gains. EUR/JPY and GBP/JPY are both rallying higher and beginning uptrends. Continued Yen weakness will require US… Read more
Japanese Yen (JPY) Trading Outlook (16-08-2012)
August 16, 2012The Japanese Yen (JPY) is getting a lot of attention as the sleeping major of the FX market wakes up and begins to move. USD/JPY is grinding higher as the USD strength gives traders a reason to buy the major. The market has been very… Read more
Japanese Yen (JPY) Trading Outlook (15-08-2012)
August 15, 2012The Japanese Yen (JPY) the stronger than forecast US data helped the USD/JPY break above resistance at Y78.70 to hit multi week highs just under Y79. The market is still requiring the Bulls to prove themselves after many failed rallies with most traders still looking… Read more
Japanese Yen (JPY) Trading Outlook (14-08-2012)
August 14, 2012The Japanese Yen (JPY) was quiet in a 20 pip range between Y78.15 and Y78.35 the outlook is mixed with range trader’s buying at the current levels and sellers hoping for a fresh downtrend on a break of Y78 in the near future. US Monetary… Read more
Japanese Yen (JPY) Trading Outlook (13-08-2012)
August 13, 2012The Japanese Yen (JPY) the USD/JPY is under pressure from the Yen cross selling with EUR/JPY back under Y96 during Friday trade. Strong USD/JPY support at Y78 is holding for now and we expect more range trading while markets are thin and data is scarce… Read more
Japanese Yen (JPY) Trading Outlook (10-08-2012)
August 10, 2012The Japanese Yen (JPY) the USD/JPY is staying very close to Y78.50 but this is still stronger than usual with the case for going long on the USD/JPY assisting US yields. The Outlook is still very mixed however and US monetary policy as well as… Read more
Japanese Yen (JPY) Trading Outlook (09-08-2012)
August 9, 2012The Japanese Yen (JPY) the USD/JPY is muddling around the Y78.50 level not moving much with pressure from USD selling and support from Yen Cross buying. GBP/JPY and AUD/JPY are both near recent highs and are threatening to break higher as risk appetite remains strong.
Japanese Yen (JPY) Trading Outlook (08-08-2012)
August 8, 2012The Japanese Yen (JPY) the USD/JPY rally caught the market a little short with little reason for the move higher other than a small rally in US bond yields. The EUR/JPY and AUD/JPY both hit multi week highs but we have seen Asia so far… Read more
Japanese Yen (JPY) Trading Outlook (07-08-2012)
August 7, 2012The Japanese Yen (JPY) the USD/JPY once against failed to hold onto hard fought gains from strong US Jobs and fell back to Y78.20 where it is more comfortable. The US monetary policy debate is the main cause of movement in the USD/JPY with most… Read more