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Forex: GBP/JPY consolidates above 136.00
July 28, 2010FXstreet.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 [...]
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Japanese Yen Weakens in Forex Trading as Political Question Marks Emerge
July 12, 2010Yen 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 [...]
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Dollar hammered by yen as job concerns remain
June 30, 2010The dollar has quietly slipped against the yen in this week’
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More Deflation Ahead for Japan?
June 25, 2010Japanese 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 [...]
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Japanese Yen: 90 or 95?
June 3, 2010After 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 [...]
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Japanese Yen Falls in Forex Trading on Political Turmoil
June 2, 2010Currency 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 [...]
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Forex: AUD/JPY heading toward 77.00
May 20, 2010FXstreet.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 [...]
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Yen Carry Trade is Back!
March 12, 2010I can’t remember how long it’s been since I was hyping the Yen carry trade (though a browsing of the ForexBlog archives indicates 2 years). Upon the outset of the credit crisis, forex markets went haywire, and one of the main “beneficiaries” was the Yen, which soared as carry trades were unwound. Now, however, a similar [...]
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Japanese Yen Forex Trading Forecast
March 8, 2010Will the yen appreciate in March? For some reason, many forex traders believe that March is, seasonally, a good month for the Japanese yen against the U.S. dollar. The main reason is that March is at key point in the business year for Japan — in which repatriation takes place. However, GFT’s Kathy Lien points [...]
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Yen Moves Higher in Forex Trading
February 23, 2010Currency trading with the Japanese yen The yen is moving higher in forex trading on the currency market today, gaining against all major currencies. Indeed, even though the U.S. dollar is making solid gains in currency trading, it is still falling to the yen. With risk aversion the name of the game today, it is [...]
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Dollar Yen Currency Trading
February 21, 2010In recent years, the Japanese Yen has been one of the most popular foreign currencies traded against the U.S. Dollar. Japan’s relatively conservative and stable economy, coupled with one of the most well managed banking systems in the world, has made the Yen a sought after currency and a yardstick for security in an often [...]