Home [Video] Earthquake and Yen, EUR/USD Forces and More

[Video] Earthquake and Yen, EUR/USD Forces and More

In an interview on Forex TV, I spoke with Tim Kelly about the short and long term impact of the catastrophic earthquake in Japan on USD/JPY. In addition, we discussed the opposing forces moving EUR/USD and where it will be in the next few weeks, among other topics. Enjoy!

More than a thousand people were killed in the horrific 8.9 magnitude earthquake that hit Japan earlier in the day. There were some extra aftershocks,and they were devastating as well. After an initial rise, USD/JPY fell as money was repatriated to Japan. An intervention by the BOJ can happen to avoid a stronger yen that may weigh on the already fragile Japanese economy.

See the USD/JPY forecast for technical levels.

EUR/USD is stuck in a range – opposing forces manage to stabilize this pair. Will this last? See more in the video.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.