The Japanese Yen (JPY) USD/JPY is still very weak as the USD remained on the sell side and Yen crosses fail to hold onto gains. EUR/JPY is still below Y97 and looking heavy. Longer term traders watch US 2-year bond yields when trying to predict… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (19-07-2012)
July 19, 2012Japanese Yen (JPY) Trading Outlook (17-07-2012)
July 17, 2012The Japanese Yen (JPY) was stronger against the troubled USD but was sold against most pairs with the ‘risk on’ mood. USD/JPY broke below Y79 and is struggling to find support in recent trading sessions. The EUR/JPY fell to the lower Y96 region before rebounding… Read more
Japanese Yen (JPY) Trading Outlook (16-07-2012)
July 16, 2012The Japanese Yen (JPY) the US Dollar weakness meant the USD/JPY was under pressure for most of the day in the low Y79 region. The Yen crosses however all enjoyed solid gains with risk appetite improving in the US session. The downtrend in most crosses… Read more
Japanese Yen (JPY) Trading Outlook (13-07-2012)
July 13, 2012The Japanese Yen (JPY) USD/JPY calmed down after its sharp move towards Y80 and subsequent drop to Y79.25 post BOJ yesterday. The outlook is for more range trading while the US QE debate rages on and the EUR/JPY sellers are in control. AUD/JPY is also… Read more
Japanese Yen (JPY) Trading Outlook (12-07-2012)
July 12, 2012The Japanese Yen (JPY) the BOJ has held rates at 0.1% today but they did offer the market some fine tuning of their monetary policy by increasing short term asset buying at the expense of the longer term operations. The USD/JPY shot immediately toward Y80… Read more
Japanese Yen (JPY) Trading Outlook (11-07-2012)
July 11, 2012The Japanese Yen (JPY) USD/JPY moved lower below Y79.50 finding support at Y79.30. More action was seen on the Yen crosses but most were relatively contained and we are now looking to the BOJ meeting on Thursday for the next catalyst.
Japanese Yen (JPY) Trading Outlook (10-07-2012)
July 10, 2012The Japanese Yen (JPY) the USD/JPY kept to a very tight 25 pip range as the focus was on the other majors but some Yen crosses did grind higher. Traders are looking elsewhere for more volatility at the moment.
Japanese Yen (JPY) Trading Outlook (09-07-2012)
July 9, 2012The Japanese Yen (JPY) the USD/JPY reacted immediately to the US jobs missing expectations falling from Y80 to Y79.50 support. The outlook is for more range trading between Y78 and Y80 but the intervention risk is increasing as the EUR/JPY slide continues.
Japanese Yen (JPY) Trading Outlook (06-07-2012)
July 6, 2012The Japanese Yen (JPY) the USD/JPY remained on the sidelines with the action reserved for tonight’s NFP data from the US which is critical for setting the US monetary policy and helping traders choose between the two safe havens. EUR/JPY slid below Y100 and hit… Read more
Japanese Yen (JPY) Trading Outlook (05-07-2012)
July 5, 2012The Japanese Yen (JPY) the USD/JPY is holding under Y80 finding support on dips and pressuring the key topside level. BOJ officials have continued to comment to the market that they will keep monetary policy aggressively loose. EUR/JPY is pressuring Y100 as the EUR/USD falls… Read more