Tag Archives: japanese yen strengthening
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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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 May Rise to 80 against the Dollar by Mid-Year
Posted on05. Feb, 2009 by admin.
The Japanese currency picked up steam again on Wednesday, prompted by a government stimulus package that has provided a boost to market and risk sentiment. The Yen’s strength took the EUR down 0.7% to 115.52 Yen, while the Dollar eased 0.2% to 89.05 Yen. It strengthened to 87.13 on Jan. 21, the strongest level since [...]
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The JPY Posts New Record Highs against Major Currencies
Posted on22. Jan, 2009 by admin.
The Japanese currency rallied broadly on Thursday toward a 13-year peak against the Dollar and a near 7-year high versus the EUR amid growing investor anxiety about global banking woes. The JPY rose to 88.80 against the USD after rebounding from Wednesday’s low of 87.09. Against the EUR, the Yen climbed 1% to 115.27. Traders [...]
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JPY is Boosted by British Banking Woes
Posted on20. Jan, 2009 by admin.
The Yen rose against the EUR and GBP as the Euro-Zone economy weakens, and the British banking crisis deepens. Britain’s second largest bank, the Royal Bank of Scotland’s posted a 28 billion Pounds loss, the biggest ever of any British company. This in turn sparked fears that the British government will have to take over [...]
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Japanese Yen Strengthening from Global Economic Weakness
Posted on26. Nov, 2008 by admin.
The JPY is currently experiencing appreciation across the boards. This bullish momentum is explained by most analysts as a result of unwinding carry trades. As the global economy weakens further, especially with signs such as the U.S. economy injecting another $800 billion into markets, major economies the world over are cutting interest rates and weakening [...]
