Tag Archives: JPY advances again
Yen Rises Again
Posted on14. Dec, 2009 by admin.
The Yen saw mixed results against the major currencies during last week’s trading session. The Yen strengthened against the Dollar and the EUR, and only failed to rise against the Pound.
Several positive economic publications from Japan supported the Yen during last week’s trading. The Japanese Leading Indicators Index rose by 89.7% on October. This index [...]
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Yen Advances vs. Majors
Posted on09. Dec, 2009 by admin.
The Japanese yen may extend its advance versus all of its major counterparts after a reduction in Greece’s debt rating by Fitch Ratings and a Dubai developer’s $3.65 billion loss discouraged demand for riskier assets. Japan’s government announced today a 7.2 trillion yen economic spending package that includes 3.5 trillion yen to help regions, 600 [...]
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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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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 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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Yen to Rise Further Due to Government Insufficiency
Posted on30. Jan, 2009 by admin.
The Japanese Yen may rise further through the end of the country’s fiscal year on March 31, as exporters buy the currency to hedge revenues, and money managers bring funds home amid the global slump. Analysts forecast that the market should expect even further Yen appreciation as the Japanese fiscal year comes to a close, [...]
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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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JPY Breaks Support Line
Posted on13. Jan, 2009 by admin.
As risk aversion heads higher, so does the value of the Yen. Yesterday the JPY strengthened across the board and dropped below a significant support line. At one point in yesterday’s trading the USD/JPY fell to a low of 88.86 before ending the day at 89.27. The large price swing may be attributed to low [...]
