15 May The Japanese Yen (JPY)

[dekac]

Hi

The Japanese Yen (JPY) eased on Monday against the USD. Focus remains on the Japanese markets with a heavy slate of data including a BoJ rate announcement. Overall the JPY traded with a range of a low 120.04 and a high of 120.16 before closing the day at 120.29 in the New York session. Looking ahead, data in the shape of Machine Orders may generate movement on the USDJPY (Forecast: 1.3%; Prior: -5.2%). UPDATE: Actual: -4.5 %

 

[Old_Bob]

Theyen dropped from 120.56 to 120.20 few minutes ago. I think the next support can be expected around 119.50

 

[dekac]

Hi

16-May:The Japanese Yen (JPY) traded in a tight range despite weaker US CPI. Overall the JPY traded with a range of a low 120.13 and a high of 120.59 before closing the day at 120.26 in the New York session. Looking ahead, GDP is due out tomorrow together with the interest rate announcement where hgeneral consensus is that rates will be left at 0.5%

 

[pipper]

Up over 80 pips after this signal I got last week.

 

[dekac]

08 June The Japanese Yen (JPY)

Hi

08 June-The Japanese Yen (JPY) rallied following earlier losses against the USD with recent equity weakness and signs of mounting global pressures caused investors to trim there Japanese Yen funded carry trades. Overall, the USDJPY traded with a range of a low 120.777 and a high of 121.57 before closing the day at 121.10 in the New York session. Looking ahead key data in the form of Machine Orders are due for release today with expectations that the figure will be released at 4.5% (Previous: -4.5%). UPDATE: Machine Orders at 2.2%

 

[dekac]

11 June- The Japanese Yen (JPY)

Hi

11 June-The Japanese Yen (JPY) fell against the USD on the back of surging treasury yields. The USDJPY climbed 0.6% amid reduced expectations of interest rate cuts by the Federal Reserve. In other news Minister of Finance Watanabe stated that there were no immediate risks of unwinding of carry trades. Overall the USDJPY traded with a range of a low 120.77 and a high of 121.84 before closing the day at 121.68 in the New York session. Looking ahead GDP data for the first quarter is expected to be confirmed at 0.8% for the q/q (Previous: 0.6%) and 3.1% for y/y.

 

[dekac]

15 June The Japanese Yen (JPY)

Hi

15 June-The Japanese Yen (JPY) saw the USD reach fresh 4.5 year highs for the second successive session breaking key levels of 123.00. Overall, the USDJPY traded with a low of 122.55 and high of 123.14 before closing the day at 122.95 in the New York session. Looking ahead, The Bank of Japan is widely seen keeping rates at 0.5 percent on Friday, but with expectations running high for a rate hike in August, investors will closely watch the post-meeting news conference by BoJ Governor Toshihiko Fukui.

 

[dekac]

21 June The Japanese Yen (JPY)

Hi

21 June-The Japanese Yen (JPY) was weighed down as investors continue to fund high yielding carry trades with the low interest bearing currency. Highlighted by the fact that the JPY fell to multi year highs against the NZD and AUD. The moves were largely attributed to dovish comments made by BoJ Governor Fukui last week who said officials wanted to be sure capital and consumer spending remained firm before pushing interest rates higher. Few analysts expect a BoJ rate rise before elections in late July. Overall the USDJPY traded near 4 ½ year highs with a low 123.10 and a high of 123.68 before closing the day at 123.58 in the New York session. Looking ahead, Key economic data will be released in the form of Japanese Trade Balance (May) with markets awaiting a figure of 448.5 bln down from the previous 926.70 bln. UPDATE: Trade Balance at 389.5 Bln for the month of May.

 

[dekac]

26 June- The Japanese Yen (JPY)

Hi

26 June-The Japanese Yen (JPY) initially recovered some of its recent losses against major currencies with some investors confident that the currency recent decline was over sought. In other news, the JPY was also supported by Sunday’s annual report from the International Bank for International Settlements, which said that there was ‘clearly something anomalous’ in the low-yielding yen’s recent slide to multiyear lows against a range of currencies. Overall the USDJPY traded with a range of a low 123.31 and a high of 123.95 before closing the day at 123.56 in the New York session.

 

[dekac]

16 August-The Japanese Yen(JPY)

Hi

The Japanese Yen (JPY) continued to gain against all other majors as ongoing unwinding relieved the currency of further pressure. The Japanese Yen trade with a low of 116.61 and a high of 117.65 before closing the day at 116.98 in the New York session

 

[dekac]

20 August -The japanese Yen (JPY)

Hi

20 August-The Japanese Yen (JPY) was the most volatile currency on Friday in a choppy market. With plenty of attention recently being placed on Equity markets to measure risk appetite, a rebound in stock prices ensured that investors returned to carry trades, although hesitantly. As a result the Japanese Yen suffered moving away from recent lows against the USD. In other news, reports suggested that the BoJ will avoid increasing rates in the coming week, keeping rates unchanged at 0.50%, whilst expectations of any rate hike diminished to less than 10%. Overall the USDJPY traded with a low of 111.60 and a high of 114.92 before closing the day at 114.00 in the New York session.

 

[dekac]

Currency Trading Summary 04 Sep.

Hi
The Japanese Yen (JPY) was range bound for much of the day, as investor’s tentatively re-entered carry trades following Friday’s events. Overall the USDJPY traded with a range of a low 115.66 and a high of 116.14 before closing the day at 115.84 in the New York session.