FXstreet.com (Barcelona) – The New Zealand dollar dropped around 80 pips against the Japanese yen directly following the expected RBNZ rate hike to 3.00%. Most recently, the NZD/JPY continues to be pressured below over Asia as the yen appreciates on higher overall risk aversion in the marketplace.

Currently the pair trades at 62.91 where it is already 0.52% lower since the opening price. Searching for support, the most immediate level is listed at 62.86. On the upside, resistance is placed at 63.02 and 63.18.
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FXstreet.com (Barcelona) – The British pound has been pressured lower against the Japanese yen over New York, due to an appreciation by the yen as equities slid on Wall Street. The pair reached a minimum in 135.91 ahead of close, and has since consolidated to the upside.

Currently the pair trades at 136.39 where it posts an overall drop of 0.27% since open. With a slightly bearish tendency, immediate support is listed at 136.19 and later 135.85. On the upside, resistance is placed at 136.77 and later 137.11.
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FXstreet.com (Córdoba) ‘

Yen drops against U.S. dollar

Once again, another prime minister’s government is in doubt in Japan. There has been a great deal of unrest and turnover when it comes to prime ministers in Japan recently, and the latest concerns surround current prime minister Naoto Kan.

GFT’s Boris Schlossberg looks at the issues faced by Kan in FX360:

The setback for Prime Minister Naoto Kan’s government indicates that that his ambitious agenda to reduce deficit spending may now be thwarted as the country enters into a period of political turmoil. Japan’s carries the largest debt to GDP ratio in the G-3 universe and although the country is able to finance its spending needs internally, Mr. Kan has been making the case that the current deficit spending trends are structurally unsustainable.

As a result of fundamental issues, the Japanese yen is down against the U.S. dollar in currency trading. Even though the yen is generally considered safe and stable, the mounting debt is a cause for concern, as it is in other developed nations right now.

See AlsoJapanese Yen in Forex TradingCurrency trading on the FX market

The dollar has quietly slipped against the yen in this week’

Japanese yen forex trading forecast

It is quite likely that Japan will consider to see deflation in its economy. The pace has slowed somewhat, but deflation is still an issue in Japan, as evidenced by the yen’s rise against the euro — and its strength against the U.S. dollar.

The situation in Japan continues to be tricky, and one wonders whether more political resignations will come if the country can’t get its economic growth under control.

GFT’s Boris Schlossberg examines the Japanese yen forex trading forecast and Japan’s deflation in FX360:

Despite a pickup in consumer demand deflation is likely to remain in place for the foreseeable future given the strength of the yen against the euro this year. The recent strengthening of the yen against the dollar with the pair dropping through the key 90.00 level will only exacerbate this trend in the second half of

After a healthy appreciation against the Dollar in 2009, the Yen has backed off slightly in 2010, hovering around the level of 90 USD/JPY. Still, every time the Yen falls, traders quickly push it back up to 90. One has to wonder: Will the Yen ever fall?

Analysts attribute the Yen’s resilience to a series of [...]

Currency trading with the Japanese yen

The Japanese yen has taken a dive today in forex trading, with its safe haven status all but in tatters as Prime Minister Yukio Hatoyama resigns in Japan. Hatoyama has only been PM for less than a year — and is the fourth prime minister in four years.

Not only did Hatoyama step down, but his number two also resigned. With economic weakness continuing to wrack the Japanese economy, and citizens unhappy with the policies of the ruling party, these moves are becoming increasingly frequent.

However, the Japanese yen has been paying the price in forex trading. Once prized as a safe haven investment, the yen was considered a stable place to park your money for capital preservation. Now, though, with all of this turmoil, the yen is quickly losing its attractiveness as a safe haven.

See AlsoLooking for Yen Forex Trading TrendsCurrency trading on the FX market

FXstreet.com (Córdoba) – The Australian dollar keeps consolidating losses against the Yen for the 4th consecutive week. The pair fell further and posted a fresh 10-month low at 76.05 on early American trade. Despite the pair was rejected from those levels toward the 78.00 area recovering over 180 pips, the corrective bounce was limited at that high and now is retreating.

Currently AUD/JPY is trading close to 77.10, 0.73% below Thursday opening price. The pair is shown heading down for both 1 and 4 hour charts as risk aversion is back on the Asian market.

If the Yen consolidates below 77.00, next supports might be found at 76.60 and 76.30; in case the AUD manages to reverse the bias, next resistances could be faced at 78.00, 78.40 and 78.70.

For more information, read our latest forex news.

FXstreet.com (Buenos Aires) ‘