The Japanese Yen has gained a lot of ground in the past few months. The Yen became stronger when the US dollar lost ground to other currencies, and got even stronger when the dollar strengthened against these currencies. Currently, 1 US dollar is worth only 92.71 Yen. This valuation is at a very low point in many years. When looking at the important crosses, such as GBP/JPY or EUR/JPY, the gains that the Japanese Yen made are incredible. Now, when the American economy has seriously deteriorated, oil prices continued to collapse. This Friday’s Non Farm Payrolls declined in a whopping 533K. Unemployment rate has risen as well. Americans can’t consume as much as earlier, and this hurt oil prices. Â Friday’s fall in oil prces sent it to about $40 per barrell. Now, there’s a strong correlation between the price of oil and the stock market. This could be seen in the sudden rise in stock prices. Yes, despite terrible economic news, the fall in oil prices, sent Wall Street up. There is yet another correlation: When American stock prices go up – the Yen goes down. So, when the late rally on Friday began, the Yen lost ground. I see this trend continuing: the American interest rates have almost reached rock bottom – or Japanese interest rates if you wish. Add the very low oil prices and the conclusion is easy: The Yen has reached it’s peak. It will only go down from here. 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. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Forex Daily Analysis – December 10th 2008 Yohay Elam 13 years The Japanese Yen has gained a lot of ground in the past few months. The Yen became stronger when the US dollar lost ground to other currencies, and got even stronger when the dollar strengthened against these currencies. Currently, 1 US dollar is worth only 92.71 Yen. This valuation is at a very low point in many years. When looking at the important crosses, such as GBP/JPY or EUR/JPY, the gains that the Japanese Yen made are incredible. Now, when the American economy has seriously deteriorated, oil prices continued to collapse. This Friday's Non Farm Payrolls declined in a whopping… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.