The Japanese Yen (JPY) the USD/JPY shot to Y78 after the BOJ announced a new inflation target for the central bank and government to aim towards a 1.0% annual and also expanded the Asset purchase program by 10 trillion yen to 65T Yen. The EUR/JPY… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (14-02-2012)
February 14, 2012Japanese Yen (JPY) Trading Outlook (13-02-2012)
February 13, 2012The Japanese Yen (JPY) USD/JPY rally is picking up momentum as the major tested Y77.80 on Friday and is threatening to break above the Y78 level to target Y80. Crosses are helping lift but the biggest change in the market is the outlook for Japanese… Read more
Japanese Yen (JPY) Trading Outlook (10-02-2012)
February 10, 2012The Japanese Yen (JPY) the rally moved into its 5th day overnight grinding to Y77.50 with the US jobs inspiring the latest move higher. EUR/JPY extended to above Y103 for fresh 2012 highs as the recovery continued.
Japanese Yen (JPY) Trading Outlook (09-02-2012)
February 9, 2012The Japanese Yen (JPY) the USD/JPY pushed slightly higher before closing back at the Y77 level waiting for more inspiration to move higher. The Japanese economy is very stagnant and suffers from deflation with recent government and monetary policies struggling to spark growth.
Japanese Yen (JPY) Trading Outlook (08-02-2012)
February 8, 2012The Japanese Yen (JPY) The USD/JPY grinded higher with Yen crosses in rally mode led by the EUR/JPY which moved above Y102 for the first time in 2 weeks. A USD/JPY move above the Y77 level would be bullish technically but gains are expected to… Read more
Japanese Yen (JPY) Trading Outlook (07-02-2012)
February 7, 2012The Japanese Yen (JPY) the USD/JPY failed to extend gains and fell back as the USD came under pressure in the US session. The Y76.50 is the support and holding firm so far as the market looks to more US data and the EUR/JPY to… Read more
Japanese Yen (JPY) Trading Outlook (06-02-2012)
February 6, 2012The Japanese Yen (JPY) the USD/JPY responded to the positive US jobs numbers moving back to the Y76.60 level after spending the past 48 hours testing Y76. The number while not reversing the downtrend do add to the argument the US economy is improving and… Read more
Japanese Yen (JPY) Trading Outlook (03-02-2012)
February 3, 2012The Japanese Yen (JPY) the USD/JPY went to sleep in a 10 pip range as the market consolidate and the crosses got very little direction from the quiet stocks markets. The US Jobs data has the potential to move the pair as the critical piece… Read more
Japanese Yen (JPY) Trading Outlook (02-02-2012)
February 2, 2012The Japanese Yen (JPY) the USD/JPY reversed to fresh lows near Y76 but remained above the figure as cross buying supported the major. The EUR/JPY reclaimed above the Y100 level and the AUD/JPY found support under Y81 before reclaiming and pushing higher once again as… Read more
Japanese Yen (JPY) Trading Outlook (01-02-2012)
February 1, 2012The Japanese Yen (JPY) The USD/JPY continued to slip lower falling to low Y76 on USD weakness and then some mild EUR/JPY selling which broke below Y100. The technical outlook continues to provide bearish signals for the major and unless US interest rate expectations or… Read more