The euro remains under downward pressure as we head into the first weekend of the year, starting the day below the $1.28 level versus the dollar and well below Stg0.83p versus sterling. As well as seeing 15-month lows versus the USD, heavy losses were also seen versus the yen overnight as the single currency continues [...]
Yen in currency trading The yen is spiking against major currency counterparts in forex trading today. The news that Japan’s GDP grew quite a bit in quarter 3 has been helping, but a lot of it has to do with risk aversion and flight to safety. Japan saw an increase of 6%, quarter over quarter, [...]
Yen in forex trading The Japanese yen is stronger in currency trading on the FX market today, even after last week’s intervention. The intervention was meant to weaken the yen in forex trading, and it worked — temporarily. However, the intervention failed to bring about a lasting weakness as hoped for by Japanese officials. Instead, [...]
Decision likely to wait until after eurozone outcome The Japanese yen is once again rising against the U.S. dollar in forex trading on the currency market. Safe haven investments, like the yen and gold, are in demand for now, thanks to concerns about what’s next for the eurozone. There are some expectations that eurozone leaders [...]
No aggressive currency trading easing measures — yet Yesterday, when the Swiss announced a peg to the euro in forex trading, many wondered if the Bank of Japan might announce similar easing measures. For now, though, it doesn’t appear that the Japanese are ready to be that aggressive in weakening the yen in forex trading. [...]
Yen in forex trading Japan saw a downgrade in its credit rating, but the forex market barely registered it. Indeed, the yen is gaining in forex trading on the currency market. (Likely to the chagrin of Japanese leaders.) U.S. dollar index is down today as the currency struggles against the euro in
This, according to a hedge fund manager that has decided to cancel all of his fund’s bearish bets on the Japanese Yen. The reason: the yen is rising, and it’s unclear when – or even if – the government will intervene to push it back down. Even though the yen’s strength is fundamentally illogical, it [...]
Fitch cuts Japanese outlook; yen drops in currency trading The Japanese yen moved lower in currency trading on the FX market today, thanks to a debt outlook cut by Fitch. The ratings agency cut the sovereign debt outlook for Japan from stable to negative. The news had the yen sinking against the greenback, but things [...]
On a correlation-weighted basis, the Japanese Yen has been one of the world’s weakest performing currencies in 2011. Alas, while this information is interesting for theoretical purposes, it is of little concern to traders, who focus instead on individual pairs. Against the dollar (USDJPY), the Japanese yen is still quite strong, having recovered most of [...]
Yen back above G7 intervention levels The Japanese yen is showing signs of strength in forex trading on the currency market. A G7 intervention after the devastating earthquake in March had been helping keep the yen lower in currency trading. However, the yen is finding strength again against the U.S. dollar and against other currencies. [...]
After the G7 intervened in forex markets last month, the Yen fell dramatically and bearishness spiked in line with my prediction. Over the last week, however, the Yen appears to have bottomed out and is now starting to claw back some its losses. One has to wonder: is the Yen heading back towards record highs [...]
Currency trading with the yen The Japanese yen is heading lower in forex trading on the currency market as the situation in the devastated country continues to improve. Just before the weekend, G7 nations intervened to help drive the yen lower in forex trading. Today, the yen is moving lower on its own, helped along [...]
The last week has witnessed unprecedented volatility in the Japanese Yen. Following the earthquake/tsunami and the inception of a nuclear crisis, the Yen defied all logic (and embarrassingly, my own predictions…mea culpa) by rising to a post-World War II high of 76.36 against the Dollar. Then, as rumors of Central Bank intervention began to circulate, [...]
Yen falls in currency trading Right now, a strong yen is not a good thing for Japan. So, in order to help the country in the wake of a devastating earthquake, the G7 nations are engaging in a coordinated effort to send the yen lower in currency trading. Canada, the U.S., Great Britain, the European [...]
FXstreet.com (Barcelona) – The Yen has been highly volatile during the latest sessions, moving… For more information, read our latest forex news.
FXstreet.com (Barcelona) – The Yen was trading higher again on early Asian session, favoured by… For more information, read our latest forex news.
FXstreet.com (Córdoba) – The Japanese yen declined somewhat across the board after a new explosion… For more information, read our latest forex news.
FXstreet.com (Barcelona) – Despite the Yen had a very volatile day, first being bid to the boots on… For more information, read our latest forex news.
Discussing the dollar and the yen’s direction following tragic news from Japan, with Brian Dolan, FOREX.com; Boris Schlossberg, GFT; and CNBC’s Rick Santelli.
Currency trading with the Japanese yen The Japanese yen is a little higher today, due in part to the earthquake that struck the island nation. The 8.9 magnitude earthquake has created destruction and has created upheaval in financial markets. The yen, though, is higher in forex trading, even so. However, the Japanese yen forex trading [...]