The Japanese Yen (JPY) was well supported with USD/JPY falling towards Y77 and AUD/JPY crashing lower on risk aversion and the 200+ point fall in US stocks. The outlook is for more losses with the market testing the BOJ/MOF about intervention threats and the lack… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (03-08-2011)
August 3, 2011Japanese Yen (JPY) Trading Outlook (02-08-2011)
August 2, 2011The Japanese Yen (JPY) rallied sharply in Asia to above Y78 before reversing aggressively to fresh multi month lows on EUR/JPY selling and US debt downgrade concerns. Intervention threats at these levels are growing louder and the shorts are careful. Overall the USD/JPY traded with… Read more
Japanese Yen (JPY) Trading Outlook (29-07-2011)
July 29, 2011The Japanese Yen (JPY) failed to regain Y78 even with some moderate USD strength and ended near lows with crosses dragging the major lower. EUR/JPY tracked towards Y110 the low from the recent Greece crisis. Overall the USD/JPY traded with a low of 77.61 and… Read more
Japanese Yen (JPY) Trading Outlook (28-07-2011)
July 28, 2011The Japanese Yen (JPY) grinded lower for most of the day until the USD found some bids and rebounded above Y78. AUD/JPY was well supported on the strong inflation data whilst the EUR/JPY was the weakest cross falling under Y112 on risk aversion. Overall the… Read more
Japanese Yen (JPY) Trading Outlook (27-07-2011)
July 27, 2011The Japanese Yen (JPY) was volatile testing support under Y78 before surging on intervention rumors to Y78.70 in 15 minutes. The gains were reversed almost as fast and fresh lows were seen in the US session as Dollar weakness dominated. Overall the USD/JPY traded with… Read more
Japanese Yen (JPY) Trading Outlook (26-07-2011)
July 26, 2011The Japanese Yen (JPY) the Yen remained favored and the USD/JPY remained pressured testing Y78 but holding and closing slightly higher off the level. AUD/JPY and EUR/JPY are struggling while the USD/JPY remains under pressure but stock markets will direct the majority of the movement…. Read more
Japanese Yen (JPY) Trading Outlook (25-07-2011)
July 25, 2011The Japanese Yen (JPY) the USD/JPY remained under pressure with the Yen and CHF the preferred safe havens in light of the US debt worries. Early Monday the USD/JPY traded new lows on news over the weekend that no debt deal had been agreed. These… Read more
Japanese Yen (JPY) Trading Outlook (22-07-2011)
July 22, 2011The Japanese Yen (JPY) gained against the USD but was very weak against the crosses as stocks markets surged. EUR/JPY rallied above Y113 and could be poised for further gains after finding support at Y110 and the EU debt agreement was reached. Overall the USD/JPY… Read more
Japanese Yen (JPY) Trading Outlook (21-07-2011)
July 21, 2011The Japanese Yen (JPY) came under pressure with risk off trade and weak US data helping push the major and crosses lower. USD/JPY broke under support at Y79 and as it pushes lower the chance of BOJ intervention talk/action grows. Overall the USD/JPY traded with… Read more
Japanese Yen (JPY) Trading Outlook (20-07-2011)
July 20, 2011The Japanese Yen (JPY) the USD/JPY found support under Y79 and finished near the highs of the recent range on strong cross buying. AUD/JPY reclaimed the Y85 level with the 200 point gain in the Dow Jones providing the fuel for the rise. Overall the… Read more