Archive for April, 2009
JPY’s Recent Gains Set to Reverse
Posted on27. Apr, 2009 by admin.
The Japanese Yen was set to advance itself throughout this week, after gaining steadily against most of its rivals, especially the USD. However, as the Nikkei index opened lower at the start of this week, the Yen’s safe-haven move may have ended abruptly this morning. Growing as high as 96.65 against the USD and 127.50 [...]
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Gains on Wall Street and an Indecisive ECB Leads JPY Higher
Posted on20. Apr, 2009 by admin.
The Japanese Yen appears to be on the receiving end of large buying session as traders pounce into the Asian currency to hedge against less certain investments like the EUR, GBP and even the U.S. Dollar. Dropping below key support levels against the EUR and GBP, the JPY appears to be on a fresh bullish [...]
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JPY Pares Losses and Stabilizes as it Regains Trader Confidence
Posted on08. Apr, 2009 by admin.
Somewhat surprising for the market this week is a sudden resurgence of support for the JPY. While continuously losing ground to all of its currency rivals in recent days, the Yen now appears to be regaining a portion of its previous safe-haven strength. As world stock markets released poor 1st quarter data, the USD witnessed [...]
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Yen Hits a 5-Month Low against the Dollar
Posted on07. Apr, 2009 by admin.
The Yen continued its decline against the Dollar, touching on a 5-month low during yesterday’s trading. After the USD/JPY struck the 101.42 level the pair immediately reversed course. During early morning hours of the Japanese trading session the pair was still declining near the 100.50 mark. The recent decline of the Yen was due to [...]
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Japanese Yen Continues to Deteriorate
Posted on03. Apr, 2009 by admin.
The Japanese Yen has seen better days. Over the past week this island economy’s currency has consistently depreciated against the majors, losing considerably against the USD and EUR. The level of this depreciation does not appear to have any stops in the making. Japan has maintained a posture of weakening its currency to boost exports, [...]
