The Japanese Yen (JPY) the USD/JPY rallied to Y79.9 before stabilizing for the rest of the trading day unable to break the key Y80 level. AUD/JPY and EUR/JPY were stronger enjoying the major’s rally but both are also related to the stock market and its… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (04-07-2012)
July 4, 2012Japanese Yen (JPY) Trading Outlook (03-07-2012)
July 3, 2012The Japanese Yen (JPY) the USD/JPY dropped on the weak US data which prompted more calls for QE from the FED in coming months. The market is rallying in Asia so far on Tuesday though defying the QE talk with demand for crosses helping lift… Read more
Japanese Yen (JPY) Trading Outlook (02-07-2012)
July 2, 2012The Japanese Yen (JPY) the USD/JPY had any interesting day initially unmoved by the EU announcement but then as EUR/JPY gains accelerated the major was lifted up near Y80 before resistance was found at the key level. The EUR/JPY moved 3 Yen higher from Y98.50… Read more
Japanese Yen (JPY) Trading Outlook (28-06-2012)
June 28, 2012The Japanese Yen (JPY) USD/JPY rallied to Y79.80 with the USD stronger after good US data overnight but the market will require very strong data to break above the Y80 level and this may require traders to wait till next week with the US nonfarm… Read more
Japanese Yen (JPY) Trading Outlook (27-06-2012)
June 27, 2012The Japanese Yen (JPY) the USD/JPY struggled to bounce with stocks and in fact ended pressuring the Y79.50 level with EUR/JPY selling outweighing the GBP/JPY and AUD/JPY rally. There is a lot of focus on Japanese politics lately with the tax hike being debated potentially… Read more
Japanese Yen (JPY) Trading Outlook (26-06-2012)
June 26, 2012The Japanese Yen (JPY) the USD/JPY was a big mover on the day falling from above Y80 to below Y79.50 as sentiment changed dramatically on Monday from last week. There are concerns that the EU summit will fail and that Japan itself will be having… Read more
Japanese Yen (JPY) Trading Outlook (22-06-2012)
June 22, 2012The Japanese Yen (JPY) USD strength played out on the USD/JPY pair with a break of the major Y80 level overnight. The subsequent rally to Y80.35 before consolidating was a surprise from the usual correlation with EUR/JPY and may suggest a new period of USD… Read more
Japanese Yen (JPY) Trading Outlook (20-06-2012)
June 20, 2012The Japanese Yen (JPY) USD/JPY is under pressure from the US FOMC action talk as the US monetary policy is very important to the direction of the Asian major. EUR/JPY rallied on the back of the EUR/USD rally and is testing the key Y100 level.
Japanese Yen (JPY) Trading Outlook (19-06-2012)
June 19, 2012The Japanese Yen (JPY) USD/JPY was dragged lower by heavy EUR/JPY selling and ended under the Y79 level with the chance of QE3 not entirely off the table at Wednesday’s FOMC meeting given the ongoing European debt crisis. No change in FOMC policy may enable… Read more
Japanese Yen (JPY) Trading Outlook (18-06-2012)
June 18, 2012The Japanese Yen (JPY) the USD/JPY moved higher on the back of the strong EUR/JPY and AUD/JPY buying with the major now back above Y79. USD weakness has been stronger then the Yen weakness lately with EUR/USD dominating the USD/JPY short term direction. This weeks… Read more