Archive for the ‘Japan – Yen’
USD/JPY attempting recovery from 82.50 low
FXstreet.com (Barcelona) – Dollar retreat from 8440 high on Thursday has extended to a fresh 3-week low at 82.50 on the back of disappointing US employment data, and the pair is trying to pick up on early US session, reaching 83.00 area so far. The pair is struggling at 83.00 at the moment, with next [...]
Japanese Currency Benefits from Increasing US Jobless Claims
The Japanese yen strengthened today the stocks dropped and the number of the jobless claims in the US rose more than expected, driving the investors to seek the safety of Japan’s currency. The analysts estimated previously that the jobless claims decreased last week. The actual figure shook the markets, as it demonstrated the increase by 19,000 to 479,000. The Standard & Poor’s 500 Index declined by 0.4 percent and the Stoxx Europe 600 Index went down 0.3 percent. The uninspiring [...]
USD/JPY collapses after jobs NFP report
The Yen jumped across the board after the release of the Non Farm Payrolls report, that showed a bigger than expected decline. USD/JPY plummeted more than 70 pips after the report and fell below 85.30, reaching a fresh 8-month low. The pair is approaching to 14-year lows that lie at 84.79. The Dollar bottomed so [...]
USD/JPY drops to fresh 8-month low below 85.30
Dollar retreat from 86.15 session high has extended almost 100 pips lower, to break below 85.30 to a fresh 8-month low at 85.10 so far, with the Dollar tumbling across the board after grim US Non-Farm payrolls report. If the pair confirms below 85.30 (Aug 4 low), next support level would be at 85.00 (figure) [...]
Japanese Yen Recovers as Markets Prepare for Risk Aversion
The Japanese yen rose against its major counterparts today, following the bearish session yesterday, as the traders expect some rise in the risk averting sentiment among the market participants before fundamental releases, stress test results. The yen rose against the U.S. dollar, the euro and the pound (and even a rather bullish Aussie) as the traders expect a speech by Fed‘s Ben Bernanke later today. They also expect some moderately pessimistic reports on the employment [...]
Yen Reinforced by Increasing Concern for Global Recovery
The Japanese yen gained today as the renewed concerns for the global economic recovery draws the investors to the relative safety of the Japanese currency. The Australian Industry Group construction index went down from 53.2 to 46.4 in June, signaling about a decline of the construction. Germany’s factory orders expected to increase by as low as 0.5 percent, compared to the previous reading of 2.8 percent. The uninspiring nature of the economic news put the traders’ sentiment in the risk-aversion mode, boosting the Japanese currency. [...]
Japanese FinMin practising his verbal intervention moves
The new Japanese FinMin Noda is on the newswires saying that they are closely monitoring stock and FX moves. So am I. The Nikkei is nearing next technical support at 9076 and USD/JPY isn’t far away from 87.00 and I suspect these are the levels which the FinMin is ‘watching closely’. Source
AUD/JPY reaches 3-day low and attempts to bounce
FXstreet.com (Córdoba) – AUD/JPY is under pressure ahead of the RBA decision to be released in a couple of hours, and despite the RBA is widely expected to leave rates unchanged at 4.50%, investors will keep an eye on the accompanying statement. The pair slumped and set a fresh 3-day low at 72.70, just 3 [...]
EUR/JPY consolidates around 110.00
EUR/JPY seems to have entered into a consolidation phase after rallying from the 107.50 area to 110.71 where it peaked last session. The pair has been moving into a range between 109.90 (intra-session low) and 110.30 (intra-session high) after opening the day at its NY closing price around 110.20. Currently EUR/JPY is trading at 110.18, [...]
Risk Sentiment Improves, Driving Yen Down
The Japanese yen fell today against other most-traded currencies after the Australian government agreed to review the mining taxes, improving the global risk sentiment. The previous Australian Prime Minister Kevin Rudd had proposed a 40 percent tax on all resources. The current Prime Minister Julia Gillard proposed that the mineral resources rent tax would be [...]