JPY Trading Outlook Archive

The Japanese Yen (JPY) continued to do very little against the Dollar with most of the action on the crosses which are being sold on rallies in the risk averse environment. The levels are close to BOJ intervention levels from after the Earthquake and could… Read more

The Japanese Yen (JPY) the market went to sleep Friday in a 20 pip range from Y79 to Y79.20. Crosses were also stable with the EUR/JPY pivoting the Y112 level after hitting lows under Y110 during the week. Overall the USD/JPY traded with a low… Read more

The Japanese Yen (JPY) found support under Y79 and some sharp buying spooked shorts into thinking the BOJ was entering the market and day highs were seen in quick succession before falling back and pivoting the Y79 level. Overall the USD/JPY traded with a low… Read more

The Japanese Yen (JPY) was weaker against the crosses which took advantage of the recovery rally in the Euro. The Moody&amp rsquo s downgrade warning saw the USD/JPY move back to Y79 and some of the gains on the crosses pulled back with US stocks… Read more

The Japanese Yen (JPY) broke Y80 as the only economy without major negative news encouraged buyers of the safe haven currency. A move in late US saw Y79 broken and Y78.50 touched 5 min later on large stop losses being hit. The BOJ is known… Read more

The Japanese Yen (JPY) was strong overnight gaining across the board with USD/JPY edging closer to Y80 and crosses led by the EUR/JPY moving big figures. A break of Y80 on the major would be a bearish event and could lead to major losses. Overall… Read more

The Japanese Yen (JPY) was the safe haven of choice with the major USD/JPY falling sharply after weak US jobs data. The mood was a sharp contrast to the previous European and Asian sessions where a range break to the topside had technical analysts calling… Read more

The Japanese Yen (JPY) was a major mover reacting to the strong US jobs numbers by breaking above resistance at Y81 and threatening to break out to the topside if NFP numbers are strong from the US tonight. Support is seen from AUD/JPY and EUR/JPY… Read more

The Japanese Yen (JPY) step down just under Y81 but kept to a 20 pip range with all the action on the crosses. EUR/JPY led the rest down below Y116 before consolidating. GBP/JPY is once again back under Y130 with sentiment still very sour towards… Read more

The Japanese Yen (JPY) was very contained consolidating above the Y81 level in a 20 pip range. EUR/JPY and AUD/JPY came under pressure with risk off trade in the US session but GBP/JPY enjoyed gains above the Y130 level on strong UK data. Overall the… Read more