The Japanese Yen (JPY) the USD/JPY had a slight dip before support was found and buyers reemerged in the US session as traders believe todays rate meetings will expose a widening gap between the Japanese and US monetary policies. Any further expansion of BOJ support… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (13-03-2012)
March 13, 2012Japanese Yen (JPY) Trading Outlook (12-03-2012)
March 12, 2012The Japanese Yen (JPY) had the cleanest reaction to the US jobs data on Friday breaking above Y82 and rallying to Y82.50 after the better than forecast increase of 227k jobs in February and then the positive 60k revision of the previous 2 months leading… Read more
Japanese Yen (JPY) Trading Outlook (09-03-2012)
March 9, 2012The Japanese Yen (JPY) the USD/JPY rallied to Y81.70 before stabilizing at the Y81.50 for the rest of the trading day with traders ready for tonight’s US data and large impact it can have on the data sensitive pair. Many traders look to trade the… Read more
Japanese Yen (JPY) Trading Outlook (08-03-2012)
March 8, 2012The Japanese Yen (JPY) the major resumed its uptrend with crosses soaring on the stock market rally overnight. USD/JPY broke back above Y81 and is within sight of the Y81.80 recent highs. The EUR/JPY is also showing signs of strength back to the Y107 ahead… Read more
Japanese Yen (JPY) Trading Outlook (07-03-2012)
March 7, 2012The Japanese Yen (JPY) the major was dragged down on the spike in risk aversion with USD/JPY falling below Y81 to Y80.60 and the EUR/JPY falling below Y106. The AUD/JPY is also under pressure with the market testing Y85 in Asia today threatening to unwind… Read more
Japanese Yen (JPY) Trading Outlook (06-03-2012)
March 6, 2012The Japanese Yen (JPY) USD/JPY was stable near the Y81.50 but the week ahead is packed with risk events that should test the recent rally with important US data. Only a break below Y80 would change the upside bias with most traders and analysts now… Read more
Japanese Yen (JPY) Trading Outlook (05-03-2012)
March 5, 2012The Japanese Yen (JPY) USD/JPY continued to trend higher taking advantage of the USD strength to push to fresh year highs above Y81.50. The Crosses are more mixed with the majors in most pairs failing to counter the USD/JPY move higher. EUR/JPY is pivoting the… Read more
Japanese Yen (JPY) Trading Outlook (02-03-2012)
March 2, 2012The Japanese Yen (JPY) USD/JPY went to sleep overnight spending the whole day in 25 pip range just above the Y81 level. The crosses were a little more lively led by the AUD/JPY and GBP/JPY higher. The EUR/JPY is at the mercy of the EUR/USD… Read more
Japanese Yen (JPY) Trading Outlook (01-03-2012)
March 1, 2012The Japanese Yen (JPY) USD/JPY rallied aggressively with the strong US data and lack of QE3 talk from the FED chairman. USD/JPY broke above Y81 and is in striking distance of Y81.50 the previous high on Monday. The outlook is for more losses for the… Read more
Japanese Yen (JPY) Trading Outlook (29-02-2012)
February 29, 2012The Japanese Yen (JPY) the USD/JPY found support above Y80 and consolidated at Y80.50 with traders expecting more consolidation ahead of the US non-farm payrolls on Friday which if strong could help reenergize the stalled rally.