» Japanese Yen Forex Trading Forecast

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Japanese Yen Forex Trading Forecast

Yen falls to U.S. dollar in currency tradingAfter making up some ground yesterday on the U.S. dollar in currency trading (due in large part to unwinding carry trades), the yen is down again.

And the Japanese yen forex trading forecast looks to be one of continued weakness. The BOJ is expected to hold interest rates where they are at — retaining a low 0.50% for the foreseeable future.

This means that if the U.S. raises interest rates in the near future, the interest rate differential would widen, helping the U.S. dollar continue to gain against the yen in currency trading.

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This entry was posted on Friday, August 22nd, 2008 at 15:17 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Japanese Yen Forex Trading Forecast

Yen drops in currency tradingAt the end of last week, the Japanese yen forex trading forecast was looking rather optimistic against the US dollar. The yen had rallied in currency trading, and the dollar had been weakened by the news coming out of Fannie Mae and Freddie Mac.

However, today, after the weekend, the story is different. The US dollar is gaining against the Japanese yen in currency trading on the FX market after the Treasury Department announced its shoring up of Fannie and Freddie.

Now the Japanese yen forex trading forecast is for losses on the currency market. For now, at least.

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This entry was posted on Monday, July 14th, 2008 at 15:35 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Japanese Yen Forex Trading Forecast

Currency trading with the yenThe Japanese yen continues to do well in the forex trading forecast, making solid gains against both the US dollar and the euro in currency trading. The yen is being helped substantially by continuing risk aversion as traders unwind risky carry trades.

Stock markets continue to be erratic, and that is part of what is causing the climate of risk aversion. Bloomberg reports on the Japanese yen in forex trading:

“The yen is still looking reasonably good,” Paul Robinson, a currency strategist in London at Barclays Plc, said in a Bloomberg Television interview. “There’s a lot of nervousness about equities and investors are concerned about shorting the yen.”

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This entry was posted on Tuesday, July 1st, 2008 at 14:51 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Japanese Yen Forex Trading Forecast

Will the yen reach 100 in currency trading against the US dollar?Even though Japanese financial markets are closed because of a public holiday, the yen is still gaining in currency trading against the US dollar. Indeed, the forex trading forecast is calling for the yen to reach 100 USD in currency trading within the next three months.

Slowing global growth, and the US economy in what Alan Greenspan calls a "pale recession," should contribute to the rise of the Japanese yen in forex trading.

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This entry was posted on Tuesday, May 6th, 2008 at 13:50 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Japanese Yen Forex Trading Forecast

Yen expected to strengthen in currency tradingThe Japanese yen forex trading forecast calls for more strength against the US dollar. In currency trading, the yen’s support level continues to move lower, spelling further dollar weakness against the Asian currency on the FX market. Bloomberg reports on the Japanese yen forex trading forecast:

The so-called support level of 98.55 is near a low of 98.57 set on March 27. The next target of 95 was close to a 12-year low of 95.76 set on March 17. Support is a level where buying is expected to outweigh selling.

“Technically, the weak dollar trend is likely to prevail,” said Tanaka at the unit of Japan’s second-largest lender by assets.

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This entry was posted on Monday, March 31st, 2008 at 14:09 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Japanese Yen Forex Trading Forecast

Will yen rise to 80 US dollar in the next two years?Former Japanese currency policy head, Eisuke Sakakibara, believes that the yen will rise to 80 US dollar in the next two years in currency trading on the FX market.

This Japanese yen forex trading forecast was made because Sakakibara foresees the narrowing interest rate differential as benefitting the Japanese yen in currency trading. Bloomberg reports on his Japanese yen forex trading forecast:

“Interest rates in the U.S. will go down substantially, triggered by subprime problems,” said Sakakibara, speaking at a conference on international finance today in Tokyo. “Japan has little room to lower rates. Interest-rate differentials will further narrow. As a matter of course, this will push up the yen to 90 and 80 in one to two years.”

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This entry was posted on Tuesday, March 11th, 2008 at 13:23 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Japanese Yen Forex Trading Forecast

Currency trading with the Japanese yenThe Japanese yen forex trading forecast could see a gain to more than 100 in the coming weeks. Even though currency trading is seeing a lack of momentum with the Japanese yen right now as things cool off a bit, there is a real possibility that the US dollar will show further weakness in currency trading with the Japanese yen. Bloomberg reports on the Japanese yen forex trading forecast:

The yen may rise past 100 per dollar as the U.S. economy slows and the Bank of Japan refrains from curbing the currency’s gains, said Royal Bank of Scotland Group Plc, the world’s fourth-largest foreign-exchange trader.

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This entry was posted on Thursday, March 6th, 2008 at 14:10 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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