The Japanese Yen (JPY) the major moved higher as the USD outperformed on safe have flows. The yen did strengthen against risk currencies though with EUR/JPY breaking below the key Y115 level and NZD/JPY sharply back to Y65. Overall the USD/JPY traded with a low… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (16-06-2011)
June 16, 2011Japanese Yen (JPY) Trading Outlook (15-06-2011)
June 15, 2011The Japanese Yen (JPY) the Yen was under pressure as crosses rallied and USD/JPY moved higher after the Bank of Japan announced a new loan program for banks and the BOJ held rates at 0.1%. The ongoing support for deflation hit Japanese economy is seen… Read more
Japanese Yen (JPY) Trading Outlook (14-06-2011)
June 14, 2011The Japanese Yen (JPY) was able to push higher in the Asian session on the major before reversing back down to Y80 in Dollar weakness late in the day. Most crosses ended slightly higher on the positive bounce off lows in stock markets. EUR/JPY is… Read more
Japanese Yen (JPY) Trading Outlook (13-06-2011)
June 13, 2011The Japanese Yen (JPY) was stable against the major with both safe havens finding support. EUR/JPY crashed lower to test Y115 before finding support and stabilizing. The weak Chinese data has darken investor sentiment towards the biggest economy in Asia. Overall the USD/JPY traded with… Read more
Japanese Yen (JPY) Trading Outlook (10-06-2011)
June 10, 2011The Japanese Yen (JPY) USD/JPY rallied gentle on the back of the dollar strength but EUR/JPY slumped with major. The next move is largely depends on whether stocks markets and Yen crosses can rally from the recent pull back. Overall the USD/JPY traded with a… Read more
Japanese Yen (JPY) Trading Outlook (09-06-2011)
June 9, 2011The Japanese Yen (JPY) A break below Y80 on the major helped all crosses fall heavily with EUR/JPY and AUD/JPY leading. The Yen is been the safe have of choice since the USD is under its own debt cloud.   Overall the USD/JPY traded with… Read more
Japanese Yen (JPY) Trading Outlook (08-06-2011)
June 8, 2011The Japanese Yen (JPY) the USD/JPY tested Y80 a few times in Europe but the level held firm before a small bounce towards opening levels. EUR/JPY selling added pressure but could also save the major with the uptrend providing support for USD/JPY. Overall the USD/JPY… Read more
Japanese Yen (JPY) Trading Outlook (07-06-2011)
June 7, 2011The Japanese Yen (JPY) the USD/JPY tested Y80 a few times in Europe but the level held firm before a small bounce towards opening levels. EUR/JPY selling added pressure but could also save the major with the uptrend providing support for USD/JPY. Overall the USD/JPY… Read more
Japanese Yen (JPY) Trading Outlook (06-06-2011)
June 6, 2011The Japanese Yen (JPY) USD/JPY fell sharply towards Y80 after the weak US data but the crosses began to rally with stocks bouncing and EUR/JPY surging higher. USD/JPY is close to Y80 and a break here could lead quickly to further losses. The market will… Read more
Japanese Yen (JPY) Trading Outlook (03-06-2011)
June 3, 2011The Japanese Yen (JPY) USD/JPY fell below Y81 on the back of weakness in the Dollar but Yen crosses followed EUR/JPY higher. AUD/JPY found solid support below Y86 before creeping back towards Y86.5 resistance. Overall the USD/JPY traded with a low of 80.55 and a… Read more