Archive for 'Japanese Yen'
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, [...]
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Yen Weakness Prevalent at the Start of this Week
Posted on23. Mar, 2009 by admin.
The JPY has seen some odd behavior this past week. Appreciating against the USD directly after the announcement of the Fed’s new quantitative easing program, the JPY actually lost value against most other currencies. This highlights two important analytical points. First, the USD’s recent weakness is due to the Fed’s program and not a coincidental [...]
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Better GDP Numbers Helps the Yen Rise
Posted on12. Mar, 2009 by admin.
The JPY gained strength for the second day in a row and continued its gains into the Japanese trading session. The release of Japanese Final GDP came out better than expected. This helped to increase the bullishness of the JPY. The USD/JPY was trading lower near the 96.20 level early this morning.
The updated 4th quarter [...]
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Yen Bullishness Set to Continue as Economic Crisis Worsens
Posted on06. Mar, 2009 by admin.
The Japanese currency experienced a bullish trading session yesterday, as it appreciated against most of its major currency pairs. The JPY gained about 40 pips versus the USD during yesterday’s trading session, and closed at 98.23. Its gains against the EUR were more dramatic, as it gained over 150 pips to close at 123.57. This [...]
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JPY Sinks as Safe-Haven Currency Ditched
Posted on05. Mar, 2009 by admin.
Forex traders ditched the JPY yesterday as they looked for short-term riskier assets. The Japanese Stock market made massive gains, largely influenced by Chinese Premier Wen Jiabao revealing that China will make drastic moves to push China’s economic growth to 8%, rather than the forecasted 6%. This will include possibly doubling the 4 trillion Yuan [...]
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RBA Surprises the Market with Interest Rate Decision
Posted on04. Mar, 2009 by admin.
The Australian Dollar has seen particularly heavy volatility due to major economic events in the Aussie economy the past two days. Yesterday the Reserve Bank of Australia (RBA) held its cash rate steady at 3.25%, taking the markets by surprise. Economists had forecasted a 25 basis point cut in the Aussie Interest Rate which the [...]
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Yen Declines as Japanese Economy Gets Worse
Posted on26. Feb, 2009 by admin.
Japan’s currency slid to a 3-month low against the USD after Japan’s trade deficit widened the most in more than two decades, denting its allure as a refuge from the financial crisis. It also weakened versus the EUR after the government said exports tumbled 46% in January, signaling the slump in the world’s second largest [...]
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Japanese Economy Faces Severe Depression
Posted on25. Feb, 2009 by admin.
The Japanese Yen saw a bearish trading session yesterday, losing ground against all of its currency crosses. The JPY fell against the USD after several days of recovery, while the EUR/JPY cross also rose to around 1.2443. The only economic events out of Japan yesterday was Trade balance; a little changed from forecasts as volatility [...]
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Yen Declines against Dollar and EUR
Posted on24. Feb, 2009 by admin.
The Yen recorded losses against all of its major currency crosses in yesterdays trading. This came about for several reasons. Primarily among them is that Japan’s economy continues to decline at an alarming rate as the global recession continues to take its toll. The Yen declined by 200 points against the USD to finish Monday’s [...]
