How Will Today’s FOMC Meeting Affect the USD?
September 21, 2010 4:12 am by Natalie R.With the FOMC meeting minutes expected to be published today at 18:15 GMT, the main question is whether or not the Fed will hold off from further purchasing securities or decide to expand the stimulus further and thus its balance ...
Yen Bullish Trend to Prolong
November 17, 2009 7:47 am by Dan EduardThe Yen soared against the Dollar in Monday's trading, due to the GDP (Gross Domestic Product) of Japan (the second biggest economy) growing by 4.8 % in the 3rd quarter. This was the second consecutive increase since the start ...
Japanese Finance Minister Playing Mind Games
September 29, 2009 11:43 pm by Russell GlaserJapan's Finance Minister, Hirohisa Fujii, did a 1-2 step earlier today, saying his government may intervene in the currency markets. This runs counter to previous statements given last week, stating he supports a stronger Yen. Comments like these lead to ...
CHF/JPY Bearish Correction Appears to be on the Horizon
September 22, 2009 11:39 pm by Yan PettersAs the CHF/JPY fails to reach the 89.50 level, various indication for a bearish correction suggest that the bullish momentum might have reached its end.
Will EUR’s Rally vs. JPY Continue throughout the Week?
September 22, 2009 11:36 pm by Natalie R.Despite a slight setback yesterday, the EUR resumed its appreciation against the USD as risk appetite returned, crossing the 1.4800 price level during today’s trading day.
Japanese Elections Boost the Yen
August 31, 2009 11:28 am by Yan PettersAs this week begins, the Yen continues to strengthen against all the major currencies. In addition to the Yen's bullishness, it appears that the elections in Japan, in which the Democratic Party of Japan won, have also supported the JPY, ...
AUD and JPY Performance Review
August 18, 2009 11:25 pm by Natalie R.The Australian Dollar rose from near its lowest level in more than two weeks versus the Yen following a rebound in risk appetite as stock markets rallied. Assisting the AUD further were speculations that the currency’s sell-off the past two ...
Returning Carry Trade? Unlikely
July 14, 2009 1:51 pm by Natalie R.With perpetually low interest rates, carry trade plays a big part in Japan’s exchange rate. Carry trading is a strategy in which an investor sells a certain currency with a relatively low interest rate, typically the JPY and currently also ...
CAD JPY on Course for Reversal
July 13, 2009 1:39 pm by Anton Eljwizat• The charts below are the 4-hour chart and daily chart for CAD/JPY by ForexYard. • The technical indicators used are Slow Stochastic, RSI and MACD.
Positive Economic Outlook Results in Yen Sell-Off
June 30, 2009 10:45 am by Natalie R.The Yen started the week with a downtrend against most of its major currency counterparts as optimism returned to investors. The drop was exacerbated by increased bullishness in world equity markets. Since Japan’s interest rate is extremely low, investment in ...
