The Japanese Yen (JPY) Yen did well from its safe haven status with the market still buying when stock markets fall. USD/JPY broke below Y81 and the key Y80 level is back on the cards if heavy selling comes through on the Yen crosses. Overall… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (02-06-2011)
June 2, 2011Japanese Yen (JPY) Trading Outlook (01-06-2011)
June 1, 2011The Japanese Yen (JPY) was a big mover coming under pressure when Moody& rsquo s put the Aa2 rating on negative watch. USD/JPY surged back above Y81 and the found resistance at Y81.75. EUR/JPY was even more aggressive pushing above Y117. Overall the USD/JPY traded… Read more
Japanese Yen (JPY) Trading Outlook (31-05-2011)
May 31, 2011The Japanese Yen (JPY) holiday markets kept the major to a 20 pip range with most of action reserved for crosses with EUR/JPY rallying into the end of the day. The outlook for the USD/JPY is largely dependent on US monetary policy. Overall the USD/JPY… Read more
Japanese Yen (JPY) Trading Outlook (30-05-2011)
May 30, 2011The Japanese Yen (JPY) fell below Y81 on Dollar weakness but was relatively unchanged on most of the crosses. April CPI was strong at 0.6% vs. -0.1% previously. US data is still very important for the major and is responsible for most of the direction…. Read more
Japanese Yen (JPY) Trading Outlook (27-05-2011)
May 27, 2011The Japanese Yen (JPY) USD/JPY crashed on the back of US data missing expectations finding support in the lower Y81 region. Most crosses bounce however with equities late in the US session. Overall the USD/JPY traded with a low of 81.07 and a high of… Read more
Japanese Yen (JPY) Trading Outlook (26-05-2011)
May 26, 2011The Japanese Yen (JPY) EUR/JPY and GBP/JPY led the market higher with the risk on trading in European and US session helping reverse recent losses. Tonight& rsquo s US jobs data is important for the uptrend to develop with a sub 400k print potentially leading… Read more
Japanese Yen (JPY) Trading Outlook (25-05-2011)
May 25, 2011The Japanese Yen (JPY) cross selling provided a good opportunity for buyers and the market rebounded back to Y82 in the late US trade. EUR/JPY tested support at Y114 and was able to finish stronger at Y115. The outlook is very mixed with the market… Read more
Japanese Yen (JPY) Trading Outlook (24-05-2011)
May 24, 2011The Japanese Yen (JPY) cross selling provided a good opportunity for buyers and the market rebounded back to Y82 in the late US trade. EUR/JPY tested support at Y114 and was able to finish stronger at Y115. The outlook is very mixed with the market… Read more
Japanese Yen (JPY) Trading Outlook (23-05-2011)
May 23, 2011The Japanese Yen (JPY) was very stable against the USD with both strong given risk aversion flows. EUR/JPY led the crosses lower with most falling over 1 Yen. The outlook for the Japanese economy is weak but traders are in no mood to sell Yen… Read more
Japanese Yen (JPY) Trading Outlook (20-05-2011)
May 20, 2011The Japanese Yen (JPY) the major broke above Y82 with positive momentum after the weekly jobless claims. The gains reversed later on though after weaker US data releases. Yen Crosses all edged higher even with commodities under pressure. Overall the USD/JPY traded with a low… Read more