The movement of any currency is governed by many factors like demand and supply, country’s economic health, trade balance etc. One such significant determinant is the commodity price.
Posts Tagged ‘Japanese Yen’
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Forex –Relevance of Currency Correlation In Forex Trading
Posted by Tushar Mathur on April 23rd, 2010
Forex is the foreign exchange market. It is the largest financial market in the world and allows the trading of currencies of different countries.
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Understanding Different Currencies
Posted by Tushar Mathur on February 21st, 2010
US Dollar is still a strong currency
Posted by Tushar Mathur on February 3rd, 2010
The year 2008 was bad, to put it mildly, in terms of recession and economic downturn/ slowdown in the United States of America.
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Yen Benefits from China’s Lending Restrictions
Posted by yehya on January 15th, 2010
Demand for safety rose today as concerns among investors that Chinese lending limits announced this week by the nation’s government may impact the global economic performance, allowing the yen to beat all of the main traded currencies in
The yen gained today versus greenback as reports in the world’s wealthiest country came slightly below forecasts, also showing a slow down in the inflation.
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Yen Tumbles as Australia Fuels Risk Rally
Posted by yehya on January 14th, 2010
The Japanese currency declined in the beginning of this Thursday’s session on Australia’s better than expected employment data, which increased attractiveness for riskier assets as the South Pacific economy recovery improves confidence among traders.
The yen, known as the best refuge currency for times of uncertainty, declined today as unemployment surprisingly fell in Australia, bringing Japanese investors to buy riskier assets overseas, as the Australian economic recovery indicates better economic conditions not only in the South Pacific region but also among its main trading partners.
AUD/JPY traded at 85.01 as of 02:35 GMT from a previous rate of 83.89 in the intraday chart.
If you want to comment on the Japanese yen’s recent action or have any questions regarding this currency, please, feel free to reply below.
Australian Dollar Climbs on Unemployment Rate
Posted by yehya on January 14th, 2010
The Australian dollar climbed after employment figures were published in the country with
After unemployment in Australia declined to 5.5 percent and surprised forecasts that expected an increase, the Aussie dollar gained versus most of the main traded currencies, specially
AUD/CAD traded at 0.9579 as of 02:27 GMT from 0.9504 hours before the employment figures were published in Australia.
If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
Yen Rallies on China’s Banking Policy
Posted by yehya on January 12th, 2010
Risk aversion declined significantly today after China set a new reserves requirements for banks in the country, allowing the yen to outperform all of the 16 main traded currencies in
Equities markets in Asia and globally declined today, raising demand for the yen, as China set a minimum of 16 percent of reserves that large banking corporations in the country must have, in order to avoid a credit bubble as the one that caused the global slump in late 2008.
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Understanding Forex Quotes
Posted by Tushar Mathur on December 7th, 2009
Understanding forex quotes can be quite challenging and it may take some time while you can master the implications of these quotes.
Credit risk
Posted by Tushar Mathur on November 5th, 2009
Credit risk or counter party risk arises out of the potentiality that outstanding positions on currencies will not be honoured as per contract due to a deliberate or unintended activity by that counter party.
Growth of dollar / yen has slowed down near the level of 92.20
Posted by maradona on October 26th, 2009
Let’s start with the fact that our previous forecast was confirmed at the auctions on Friday the U.S. dollar continued to strengthen against the Japanese yen, but the upward movement has slowed down near the 92.20 level and has started a correction, which is still going on …
USD / JPY
Current price levels are still located above the moving averages with periods of 34, 55, 89 and 144, which is directed upwards and point to the continuing bullish sentiment.
The MACD histogram is located in the positive zone, but their attempts to cross the signal line downwards, and thereby generate a signal to sell the dollar / yen.
Stochastic Oscillator out of the overbought zone and has already formed such a signal, since the beginning of the% K line falls below the% D.
Therefore, we expect that the correction will continue and increase, if it is punctured by the level of support 91.30, which could open the way for the bears to the levels of 90.80 and 90.40.
At the same time we must not forget that the aggressive buyers of the dollar / yen can return to the market, if would be punctured 92.20 resistance level.
Levels of resistance: 92.00/10, 92.50, 92.70, 93.00
Current price: 91.76
Support levels: 91.50, 91.00, 90.70, 90.50, 90.20/00
Mizuho expects weakening the Japanese currency
Posted by maradona on October 23rd, 2009
The Japanese yen fell to a two-month low against the single European currency against the backdrop of growth in the stock markets, triggered by good data on the earnings of the companies – this is yet another sign of reviving the global economy boosted demand for higher-yielding currencies.
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Slowly but surely, the U.S. dollar strengthened against the Japanese yen
Posted by maradona on October 23rd, 2009
Drawing attention to the 4 hours chart, you will notice that for the second consecutive day, continuing the slow but steady growth (after the currency was able to penetrate the upper limit of the symmetrical triangle) of the American dollar against the Japanese yen
USD/JPY
Current price levels are still located above the moving averages with periods of 34, 55, 89 and 144, which is directed upwards and point to the continuing bullish sentiment.
The MACD histogram is located in the positive zone, located above its signal line, continues to rise and thus sends a signal to buy the dollar / yen.
Stochastic Oscillator re-entered the overbought zone and formed a similar signal, since the beginning of the% K line rises above the% D.
Therefore, we expect that growth in dollar / yen will continue, but the immediate goal of bulls is located on 92.50.
Levels of resistance: 92.00/10, 92.50, 92.70, 93.00
Support levels: 91.50, 91.00, 90.70, 90.50, 90.20/00
Japanese yen is under sales pressure
Posted by maradona on October 22nd, 2009
The U.S. dollar may be in a more advantageous position due to recent concerns about the recovery of the world economy, which is not the Japanese yen.
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Some Basics of Forex Trading
Posted by Tushar Mathur on October 4th, 2009
If you are new into the Forex trading and want to gain some quick knowledge on the Forex trading then in that case here are some basics to help people like you.
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