The Japanese Yen (JPY) kept to a 40 pip range around Y81 as the market waited for more BOJ intervention and information from the Nuclear plant crisis. AUD/JPY and GBP/JPY continued to track higher and are well supported at highs. Overall the USD/JPY traded with… Read more
JPY Trading Outlook Archive
Japanese Yen (JPY) Trading Outlook (23-03-2011)
March 23, 2011Japanese Yen (JPY) Trading Outlook (22-03-2011)
March 22, 2011The Japanese Yen (JPY) consolidated above Y80.80 and grinded higher as the Yen remained weak across the board. EUR/JPY and AUD/JPY led the crosses higher as they tracked stock markets and their respective majors. Fears of further intervention is keeping Yen buyers very cautious. Overall… Read more
Japanese Yen (JPY) Trading Outlook (21-03-2011)
March 21, 2011The Japanese Yen (JPY) was the biggest mover on Friday and very much in spotlight. The USDJPY having traded at lowest levels since WWII of 76.25 in the previous session of Thursday was well off historic lows following multi-lateral central bank intervention at the stroke… Read more
Japanese Yen (JPY) Trading Outlook (17-03-2011)
March 17, 2011The Japanese Yen (JPY) once again stole the limelight with the market punching through Y80 to hit large stops and plummet under Y77 before reversing on fears of Government intervention. The whole market is focused on the nuclear incident near Tokyo with fear and uncertainty… Read more
Japanese Yen (JPY) Trading Outlook (16-03-2011)
March 16, 2011The Japanese Yen (JPY) was in the eye of the storm yesterday as news of radiation leaking and reports of radiation near Tokyo the world&rsquo s largest city sent the Nikkei down over 13% at one stage. The market did stabilize in the afternoon session… Read more
Japanese Yen (JPY) Trading Outlook (15-03-2011)
March 15, 2011The Japanese Yen (JPY) opened the week extremely volatile until the BOJ helped stabilize the market with some calming money injections into the market causing a sharp rebound from below Y81 to above Y82. Concerns about nuclear meltdowns have added to uncertainty and volatility. The… Read more
Japanese Yen (JPY) Trading Outlook (14-03-2011)
March 14, 2011The Japanese Yen (JPY) was extremely volatile gaining sharply as the safe haven Yen was bought on news of a major earthquake. Japanese Investors caused the Yen to gain as they repatriated overseas money in the times of uncertainty. Overall the USD/JPY traded with a… Read more
Japanese Yen (JPY) Trading Outlook (11-03-2011)
March 11, 2011The Japanese Yen (JPY) broke above Y83 on the strong USD demand but most crosses tracked the stock markets lower with EUR/JPY leading the pack. The outlook for many pairs is closely linked to the stock market performance which could be starting a correction given… Read more
Japanese Yen (JPY) Trading Outlook (10-03-2011)
March 10, 2011The Japanese Yen (JPY) was contained to a 20 pip range as the market took a break and stocks offered little direction to crosses. Q3 GDP was unrevised at -0.3% Q/Q. US Jobs data will be closely watch for a chance to break above the… Read more
Japanese Yen (JPY) Trading Outlook (09-03-2011)
March 9, 2011The Japanese Yen (JPY) was weaker on the general USD strength and on strong demand for Yen crosses. AUD/JPY is the traditional carry trade and is well supported above Y83. Also helping the USD/JPY to move higher is the increase in US Bond Yields, closely… Read more