Posts Tagged ‘ Japan ’
I 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 [ READ MORE ]
It is commonly believed that March tends to be a positive month for the Japanese Yen because of the fiscal year end in Japan. Tax incentives and the desire to window dress their balance sheets usually encourage repatriation by Japanese corporations. [ READ MORE ]
Dollar strengthened against the yen on reports that Bank of Japan may increase its quantitative easing program in April from the current level of 10 Trillion yen. Japan’s three month Libor rates dipped below the US equivalent prompting a further rally in USD/JPY to 89.40. [ READ MORE ]
Currency markets operate in funny ways. Greece’s fiscal problems are hardly a new development. During years of boom and bust alike, it ran unsustainable budget deficits. Why investors have decided to fret now – as opposed to last year or next year, for example – on the distant possibility of default, is somewhat mysterious. After all, [ READ MORE ]
Forex market movement is influenced by many factors. Currency value movement is greatly affected by interest rate. If the interest rate of the country is high, then the currency value also increases. Different economic events and central banks guide those interest rates. This means that economic news can have a dramatic effect on your Forex [ READ MORE ]
In October, I wrote about a “separation” that had taken place in currency markets between the “sick” currencies and the “healthy” currencies. At the time, I argued that the former category was comprised mainly of the Dollar and the Pound, with most other currencies healthy by comparison. While I still stand by this paradigm, I [ READ MORE ]
Japan produced a set of mixed economic data on the last trading nigh of the week showing that the world’s third ;largest economy continues to recover from the worst contraction in the post war era albeit an uneven pace. Japanese labor markets improved with the unemployment rate declining to 5.1% versus [ READ MORE ]
Forex market is very volatile and can move quickly and unexpectedly. But sometimes market can take a rest, or someone would say the market is sleeping, which means it is consolidating, accumulating or moving sideways. Why does this happen to markets? This process can have many reasons, but this article will touch upon the basic [ READ MORE ]
A very busy night of trade in the FX market with the most vicious volatility coming from the USD/JPY pair which went on a wild ride during the Asian and early European session seesawing between 89.50 and 90.30 as it was caught in the crosscurrents of opposing newsflow. The yen initially strengthened on a [ READ MORE ]
The yen went on a rollercoaster ride during the Asian session trade today with USD/JPY first dropping to a low of 89.55 only to skyrocket back to 90.30 in matter of seconds as news of S&P downgrade of Japan swept the market. The yen initially strengthened on reports that Chinese monetary authorities have tightened bank [ READ MORE ]
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