The Japanese Yen (JPY) USD/JPY bounced off Y86.50 on the stronger than expected US data but the movement is nothing aggressive. EUR/JPY and GBP/JPY is under pressure with a grind lower in the last 3 days. The market is now waiting for the US jobs… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (01-09-2011)
September 1, 2011Japanese Yen (JPY) Trading Outlook (31-08-2011)
August 31, 2011The Japanese Yen (JPY) was in a 30 pip range with very little action on the major. Crosses were more volatile with AUD/JPY rallying with stocks and EUR/JPY and GBP/JPY falling on European concerns. Weak US data is providing a constant source of downside pressure… Read more
Japanese Yen (JPY) Trading Outlook (30-08-2011)
August 30, 2011The Japanese Yen (JPY) the USD/JPY was quiet in the recent range but headed towards Y77 on the back of heavy buying in EUR/JPY and AUD/JPY. The big news in Japan is that Noda may be the new PM and is seen as continuing his… Read more
Japanese Yen (JPY) Trading Outlook (29-08-2011)
August 29, 2011The Japanese Yen (JPY) USD weakness dominated the space and the pair reversed back into the recent range unable to continue higher above Y77. The outlook is for more range trading while the USD remains under pressure on one side and the BOJ verbally intervenes… Read more
Japanese Yen (JPY) Trading Outlook (26-08-2011)
August 26, 2011The Japanese Yen (JPY) USD/JPY was strong breaking above Y77 resistance and grinding higher to Y77.50. The outlook now is largely determined on whether the Bernanke’s speech mentions QE3 or any other easing measures to help support the US economy. UPDATE July CPI at 0.2%… Read more
Japanese Yen (JPY) Trading Outlook (25-08-2011)
August 25, 2011The Japanese Yen (JPY) USD strength and good US data sent the USD/JPY to the top of its recent range at Y77 but this level has held so far. The outlook is still very mixed although the down trend has been stopped by the 2… Read more
Japanese Yen (JPY) Trading Outlook (24-08-2011)
August 24, 2011The Japanese Yen (JPY) weakened broadly yesterday as risk appetite picked up and crosses rallied. EUR/JPY pushed to Y111 and AUD/JPY pushed to the top of its recent range at Y81. The outlook is closely linked to the US Fed speech on Friday and whether… Read more
Japanese Yen (JPY) Trading Outlook (23-08-2011)
August 23, 2011The Japanese Yen (JPY) after all the talk over the weekend the market did very little on Monday holding in the Y76.50-Y77 range with attempts above the figure sold back very quickly. Soft stock markets are keeping pressure on the crosses so the Yen will… Read more
Japanese Yen (JPY) Trading Outlook (22-08-2011)
August 22, 2011The Japanese Yen (JPY) under a lot of attention during Asia on Monday with talk from BOJ Noda that Japan will take bold action on the Yen over the weekend. The USD/JPY tested new fresh lows on Friday under Y76 briefly before surging on intervention… Read more
Japanese Yen (JPY) Trading Outlook (19-08-2011)
August 19, 2011The Japanese Yen (JPY) is being kept very contained against the USD with the BOJ verbal intervention support at Y76.50 and safe haven demand capping rallies towards Y77. Crosses were heavier though with AUD/JPY dropping below Y80 and EUR/JPY slipping back below the key Y110…. Read more