Archive for January, 2009
Yen Expecting Small Gains despite Global Economic Weakness
Posted on08. Jan, 2009 by admin.
The Yen completed yesterday’s trading session with mixed results versus the other major currencies. The JPY was broadly unchanged versus the EUR yesterday and closed its trading session at around the 126.00 level. The JPY also saw bullishness against the USD as it jumped around 100 points and closed at 92.70.
The low Japanese interest rate [...]
Continue Reading
Future Outlook for Yen Remains Weak
Posted on07. Jan, 2009 by admin.
The Yen depreciated against the U.S. Dollar to as low as 94.05, the weakest level since Dec. 8, from 92.03. Analysts cited speculation that Japanese investors are renewing their foreign investments this year, which should also hurt the Yen further. The Japanese currency declined 1% versus the U.S. Dollar while it has slumped 4% total [...]
Continue Reading
Equity Markets Drop the Yen
Posted on06. Jan, 2009 by admin.
The JPY has significantly weakened against the USD since the start of the New Year. Yesterday’s trading session was no exception with USD/JPY ending the day up at 93.05. The Obama economic stimulus plan and a rally in equity markets contributed to the appreciation of the pair.
Each of these factors had a hand in influencing [...]
Continue Reading
Japanese Stocks and Risk Appetite Gain on Recently Weakened JPY
Posted on05. Jan, 2009 by admin.
Throughout today’s early trading hours the JPY appeared to be either floating or strengthening against its currency rivals. The forecast that the Bank of Japan (BoJ) will soon take stronger measures to curb the economic recession, coupled with the recent weakening of the JPY, has helped boost risk appetite. This increase in risk appetite has [...]
Continue Reading
Japanese Yen Looks to Global Economic Recovery
Posted on02. Jan, 2009 by admin.
Recently, the Yen has recorded some historic highs against the U.S. Dollar as it reached levels not seen in over 15 years. This is largely due to both countries having practically the same Interest Rates. Therefore, the advantage of holding money in U.S. Dollars and other currencies increased as Japan historically had comparatively low Interest [...]
