The Japanese Yen (JPY) the downtrend continued overnight with the USD not getting respite from the EUR/USD with EUR/JPY falling just as quick. The Yen is resuming its advance towards Y75 and could prompt more intervention talk or actually intervention if the selling accelerates. UPDATE… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (31-01-2012)
January 31, 2012Japanese Yen (JPY) Trading Outlook (30-01-2012)
January 30, 2012The Japanese Yen (JPY) the USD selling overflowed onto the USD/JPY which broke below Y77 and back into more familiar levels seen in late December and early January. The rally has disappointed the bulls who failed to generate sustain Yen selling interest. EUR/JPY fell but… Read more
Japanese Yen (JPY) Trading Outlook (27-01-2012)
January 27, 2012The Japanese Yen (JPY) the USD/JPY continued to retreat in the risk off environment overnight with Y77.50 support giving way and the major sliding to Y77.30. EUR/JPY topped out above Y102 before falling back under Y101.50. AUD/JPY performed well in Europe with the market moving… Read more
Japanese Yen (JPY) Trading Outlook (26-01-2012)
January 26, 2012The Japanese Yen (JPY) the USD/JPY continued to push higher breaking above Y78 and looked very strong until the support was pulled by the FOMC statement. The crosses continued to rally however and the drop in the major was not significant. Further rallies in risk… Read more
Japanese Yen (JPY) Trading Outlook (25-01-2012)
January 25, 2012The Japanese Yen (JPY) was the big mover in the market after the Yen sold off aggressively across the board when the BOJ downgraded the growth outlooks for Japan and deteriorating Trade balance. December Trade Balance at -205bn vs. -139bn forecast. EUR/JPY broke above Y101… Read more
Japanese Yen (JPY) Trading Outlook (24-01-2012)
January 24, 2012The Japanese Yen (JPY) the USD/JPY was very contained around the Y77 level with action kept to the crosses with EUR/JPY breaking above Y100 and AUD/JPY Y81. The outlook for more Yen weakness is very possible if stocks continue to rally and EUR/JPY holds above… Read more
Japanese Yen (JPY) Trading Outlook (23-01-2012)
January 23, 2012The Japanese Yen (JPY) the USD/JPY remained above Y77 for most of the day but with EUR/JPY stalling at Y100 before easing on the Greece debt failure risk and profit taking on the move from Y97 to Y100 throughout the week. AUD/JPY is holding onto… Read more
Japanese Yen (JPY) Trading Outlook (20-01-2012)
January 20, 2012The Japanese Yen (JPY) USD/JPY popped back above Y77 as the EUR/JPY tested Y100 in a sharp rally in the US session. AUD/JPY is also back above the key Y80 level and more gains are on the table if stocks continue to push into fresh… Read more
Japanese Yen (JPY) Trading Outlook (19-01-2012)
January 19, 2012The Japanese Yen (JPY) the USD/JPY dipped on USD weakness to fresh multi week lows at Y76.55 but then reversed sharply on strong buying and warning of EUR/JPY intervention from Japanese officials. The EUR/JPY squeezed higher above Y98 briefly but closed below the figure. More… Read more
Japanese Yen (JPY) Trading Outlook (18-01-2012)
January 18, 2012The Japanese Yen (JPY) the USD/JPY dipped on USD weakness to fresh multi week lows at Y76.55 but then reversed sharply on strong buying and warning of EUR/JPY intervention from Japanese officials. The EUR/JPY squeezed higher above Y98 briefly but closed below the figure. More… Read more