The September Japanese Yen is holding steady this morning with a slight bias to the upside after Japanese Finance Minister Yoshihiko Noda was chosen to succeed Prime Minister Naoto...
Japanese Yen
Fundamental and technical analysis of the U.S. Dollar/Japanese Yen (USD JPY).
Forex Traders Prepare “To Go the Way of the Move”
This week’s Forex markets have been highlighted by low volume and tight ranges, leading to the formation of consolidation patterns in many of the major currencies.
U.S. Dollar Mixed after Bearish Jobs Data Report
The U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added...
Forex Traders Working to Figure Out IMF News Impact
U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New...
Carry Trade Continues to Pressure Japanese Yen Futures
June Japanese Yen futures are trading lower this morning, pressured by the Yen carry trade. This is a trading condition in which yen are sold in favor of...
Short-term USD JPY May Be Overbought
The Japanese Yen weakened for a second session against all of the major currencies in a move that many traders suspect is renewed selling pressure from the Group of...
Coordinated Intervention Sends USD JPY Sharply Higher
After a break to nearly 76.00 on Thursday, the USD JPY rallied overnight after the Group of Seven nations agreed to take steps to curb the Japanese currency’s rapid...
USD JPY Traders Battling Investors for Direction
Although some traders feel the Japanese Yen may be overextended to the upside, the currency is trading slightly better ahead of the start of the U.S. session.
Repatriation Likely to Trigger Break in USD JPY through 80.24
Japanese equity markets dropped sharply lower early Tuesday driven by panic selling investors after Prime Minister Naoto Kan said a “substantial amount” of radiation was leaking from a nuclear...
U.S. Dollar Gets Boost from Flight-to-Safety Buying
Flight-to-safety buying could be the theme today if conditions continue to escalate in the Middle East, particularly Libya. Overnight the U.S. Dollar moved higher against most major currencies as...
Euro Continues to Climb; Dollar Soars Versus Yen as S&P Cuts Japan’s Debt Rating
The Euro continues to climb higher this morning, challenging the .618 retracement level of the 1.4282 to 1.2873 at 1.3744. There may be a technical bounce off this level,...
Dollar Strengthens Against Yen on Higher Optimism
The USD JPY strengthened for a second day as traders turned a little more optimistic about a U.S. economic recovery. Traders are looking for a slight improvement in the...
USD JPY Confirms Weekly Reversal Bottom
This week the USD JPY confirmed last week’s closing price reversal bottom with a follow-through ...
Stock Market Weakness Pressures USD JPY
The Japanese Yen is trading higher against the U.S. Dollar as global equity markets declined ...
Risk Aversion Drives Up Dollar/Yen
Conditions are shifting in the Forex markets as worries about European debt are driving traders ...
U.S. Dollar Edges Up Ahead of Jobs Report
The U.S. Dollar is trading slightly better against most major currencies ahead of this morning’s ...
Aussie Close over Parity
The Australian Dollar closed over parity on Thursday, setting up the potential for an acceleration ...
Fresh Liquidity Driving Greenback Lower
This morning the Dollar is getting pounded once again. Simply stated, new liquidity means a ...
