After breaking to new multi-year highs on the testimony of Ben Bernanke, USD/JPY is crashing all the way towards 102 as the Nikkei makes a violent correction, falling around 6% at the time of writing. The strong correlation between yen weakness and Japanese stocks continues, and now it turns against USD/JPY. Update: the Nikkei closes 7.32% lower – the biggest crash in two years. USD/JPY fell as low as 102.04, from the highs of 103.56 seen earlier and from the peak of 103.72 seen after Bernanke. Also the Japanese bond market is not exactly calm. The BOJ already announced a plan to intervene in order to “calm the bond markets” and combat the leap in bond yields (JGBs). For more, here is the USDJPY forecast, and a live chart of the wild action in USD/JPY: [do action=”tradingviews” pair=”USDJPY” interval=”60″/] 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 Forex News Today: Daily Trading News share Read Next Forex Daily Outlook May 23 2013 Anat Dror 9 years After breaking to new multi-year highs on the testimony of Ben Bernanke, USD/JPY is crashing all the way towards 102 as the Nikkei makes a violent correction, falling around 6% at the time of writing. The strong correlation between yen weakness and Japanese stocks continues, and now it turns against USD/JPY. Update: the Nikkei closes 7.32% lower - the biggest crash in two years. USD/JPY fell as low as 102.04, from the highs of 103.56 seen earlier and from the peak of 103.72 seen after Bernanke. Also the Japanese bond market is not exactly calm. The BOJ already announced a… Regulated 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.
