Eye on the Yen

USD/JPY, The bullish trend is heating up

25. March 2010

Share Japanese CPI figures published this morning continued to point on subdued customer demand. Core CPI continued to fall for the 12 month in a row, falling by -1.2% YoY in February and raising speculations that the BoJ will be forced to extend its liquidity facilities .Investors’ speculations over a BoJ stimulus which looms the Yen [...]

7. March 2010

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Share After dipping below the 89 level against the Dollar rumors over BoJ stimulus pushed the Dollar Yen trade above the 90 mark once again. Ahead of the Japanese GDP figures investors are betting Japanese growth will be revised downwards from the preliminary figure of 4.6% YoY published in February as capital expenditures, one of the [...]

Yen and Dollar gain as Forex unrest dominates

25. February 2010

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Share Nervousness in the Forex market resumed as dented US home sales and the Fed’s exit scheme weighed on the Fed’s pledge to low rates. Yesterday the Fed Chairman Ben Bernanke gave his Semi-Annual testimony to Congress. The Fed chairman outlined the move last week to raise the discount rate to 0.75% was strictly a move [...]

Yen bears around the corner

15. February 2010

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Share eToro News The Japanese Yen is currently hovering around the 90 level against the Dollar after several days of decline. At the beginning of the month the Japanese currency dipped below the 90 level as fears over economic stability loomed, however as more signs of recovery from Japan began toÂ emerge downside momentum eased and the [...]

China and the FX market

24. January 2010

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Share Â Â Â Â Â China’s growth is mainly dependent on exports with a trade balance of around $200Bn a year each swing in western demand effects on Chinese growth.Last year with the credit crisis in its climax Chinese exports have slumped and with it Chinese unemployment surged and growth slowed.However since in China political stability is in direct link [...]