Post Tagged with: "japanese yen"
Far Eastern Trouble
The Chinese landing issue rose in Q4 2011. Chinese manufacturing PMI is flirting between contraction and growth, around the 50 point mark. We’ll start with China, but it’s not only the world’s No. 2 economy that is suffering. This analysis originally appeared in the Forex Outlook for Q1 2012. You can download the full report
USD/JPY Leaps On Open Intervention
USD/JPY now trades at 80.70, after jumping across the historic 79.75 back on its way up. The members of the G-7 agreed on an intervention to weaken the yen and to aid the Japanese economy after the catastrophic earthquake. Update on this dramatic pair. Japanese finance minister Yoda said that the G-7 agreed to intervene.
Coordinated Intervention To Weaken the Yen?
The Bank of Japan announced an immediate emergency meeting to begin very soon – Monday 00:00 GMT. There are expectations for new easing steps to boost the economy. But there might be more – Will we see a global coordinated intervention to weaken the yen? Yen crosses are already on the rise. The governor of
USDJPY Technical Long Term Outlook
Guest Post by Nick Kanger, Head Currency Analyst at ProAct Traders There was “talk” earlier this week that the Yen would fall to 90.00 before making any appreciable recovery. And while price did fall to 90.31, this level of support came up short of 90.00, and should be consider as a price undershoot and a
CAD/JPY Going Wild
When most currency pairs are trading in narrow ranges, the Canadian dollar and the Japanese Yen are standing out with exceptional strength. This makes the CAD/JPY very interesting. EUR/USD, GBP/USD and USD/CHF have been consolidating for a long time. No one knows when they will “explode”. For example, EUR/USD is trading sideways between 1.3750 and
Forex Daily Analysis – December 12th 2008
The big news in the Forex market is the big break of the Japanese Yen below the 90 Yen per dollar mark, as low as 88. This is the lowest level in 13 years. It came hand in hand with a rise this week in oil prices. As ananlyzed here, the strong correlation between oil