The Japanese Yen (JPY) the market is on intervention watch as the USD/JPY continues to edge lower despite constant verbal protestations from BOJ/MOF officials. Some traders suggest Y75 might be the trigger level for some real intervention but others caution that Japan is not Switzerland… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (31-10-2011)
October 31, 2011Japanese Yen (JPY) Trading Outlook (28-10-2011)
October 28, 2011The Japanese Yen (JPY) was little changed against the USD as both were sold in risk on trading. USD/JPY traded in a 20 pip range and was unaffected by the BOJ announcements of further easing measures or by Finance Minister Azumi&rsquo s Jawboning. AUD/JPY broke… Read more
Japanese Yen (JPY) Trading Outlook (27-10-2011)
October 27, 2011The Japanese Yen (JPY) traded in a range around the Y76 level finishing near highs at Y76.20 ahead of the BOJ meeting later today which may announce new asset buying programs to help companies combat the strength of the Yen. Yen Crosses are soaring in… Read more
Japanese Yen (JPY) Trading Outlook (26-10-2011)
October 26, 2011The Japanese Yen (JPY) fresh all time lows were seen on the USD/JPY under Y75.80 overnight briefly before the pair bounced back to Y76. The verbal intervention out of Japan in growing louder with Fin min Azumi talking daily about the ability of the BOJ… Read more
Japanese Yen (JPY) Trading Outlook (25-10-2011)
October 25, 2011The Japanese Yen (JPY) the excitement dies down on the USD/JPY which had hit fresh all-time lows on Friday and found support at Y76 twice overnight. Yen crosses helped support the major with EUR/JPY and AUD/JPY both extending gains.
Japanese Yen (JPY) Trading Outlook (24-10-2011)
October 24, 2011The Japanese Yen (JPY) broke out of range to the downside and fresh all-time lows under Y76. The USD weakness was the main catalyst but the Y75 is widely seen as a level that main prompt intervention from Japanese Officials in either a verbal or… Read more
Japanese Yen (JPY) Trading Outlook (21-10-2011)
October 21, 2011The Japanese Yen (JPY) the USD/JPY tested Y77 overnight on expectations the BOJ/MOF may take steps to support the Japanese economy in a way which would lessen the effect of the strong Yen. EUR/JPY was down and then up late in the day as sentiment… Read more
Japanese Yen (JPY) Trading Outlook (20-10-2011)
October 20, 2011The Japanese Yen (JPY) was sidelined for another day with little news directly impacting either the USD or Yen. EUR/JPY is where most of the traders are taking positions with quite a split between the bulls and bears given the potential outcome at the weekend… Read more
Japanese Yen (JPY) Trading Outlook (19-10-2011)
October 19, 2011The Japanese Yen (JPY) was range trading Y76.70-Y76.90 with the action kept to the crosses with the downside tested on EUR/JPY and AUD/JPY before reversing sharply on the EU deal talk.
Japanese Yen (JPY) Trading Outlook (18-10-2011)
October 18, 2011The Japanese Yen (JPY) the move above Y77 on USD/JPY was once again reversed after heavy cross selling led by the EUR/JPY. The failure of the USD/JPY to continue higher above Y77 is frustrating longs who have been patiently waiting for intervention back to Y80…. Read more