» Japanese Yen Gains in Forex Trading

« EUR/USD - Euro Dollar, European Session - 05/09/08
Canadian Dollar Gets Boost in Forex Trading »

Japanese Yen Gains in Forex Trading

Carry trade continues to unwind on the FX marketThe Japanese yen is gaining in forex trading this morning. Most of the yen’s gains are coming from the fact that the carry trade continues to unwind on the FX market.

Worries over recession in the U.S. and Europe — and the rest of the world — have investors risk averse and rushing to exit this volatile forex trading strategy. Indeed, the euro is at its lowest level in more than a year in forex trading against the yen.

Additionally, the U.S. dollar is faltering in currency trading against the yen.

See Also

Source :

This entry was posted on Friday, September 5th, 2008 at 14:43 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.

Leave a Reply

« UK Pound Forex Trading Forecast
Deciding Between Long Term Forex Trading and Short Term Trading »

Japanese Yen Gains in Forex Trading

Low yielders gain in FX trading on the currency marketThe Japanese yen is making great strides in forex trading on the currency market this morning. Thanks to stock markets in chaos due to the jump in oil prices, risk aversion is on the rise.

When risk aversion is on the rise, low yielders, like the Japanese yen (and the Swiss franc) start gaining in FX trading as the popular carry trade unwinds. Because it is risky, many traders do not want to continue engaging in the carry trade when risk becomes more prominent in currency trading.

The carry trade is one of the most popular trades in forex trading strategy. A low yielding currency is used to fund the purchase of a high yielding currency. Money is made on the difference in the interest rates.

See Also

Source :

This entry was posted on Friday, June 27th, 2008 at 16:11 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.

Leave a Reply

« European Mid Morning Update 29th February 2008
US Dollar Forex Trading Forecast »

Japanese Yen Gains in Forex Trading

Currency trading with the yenThe Japanese yen is gaining in forex trading against the US dollar on the currency market. In currency trading, the yen is deriving strength from weakness in the US economy, possibly moving toward testing at the 100 level. Forbes reports on the Japanese yen in forex trading against the US dollar:

Chuo Mitsui’s Hosokawa said the dollar’s ability to hold onto the mid-103 to lower-104 yen range is critical, as ‘we may have to prepare for a test of the 100 yen level’ if these levels are breached.

See Also

Source : GFT Forex

This entry was posted on Friday, February 29th, 2008 at 14:28 and is filed under GFT Forex. 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.

One Response to “Japanese Yen Gains in Forex Trading”

  1. kingwade Says:
    02 29th, 2008 at 18:36

    GO YEN GO!

Leave a Reply

« OPEC Gives Euro a Boost in Forex Trading
Forex Trading Forecast: US Dollar »

Japanese Yen Gains in Forex Trading

Unwinding carry trade boosts the yen in currency tradingThe Japanese yen is gaining in forex trading this morning. The carry trade is unwinding as risk aversion remains a concern in currency trading on the FX market. With worries of a US recession continuing, the Japanese yen is expected to continue to gain in forex trading. Bloomberg reports on the yen in currency trading:

“We still haven’t gone past the period of risk aversion and the carry trade is coming under pressure,” said Niels From, foreign-exchange strategist in Frankfurt at Dresdner Kleinwort, the investment bank owned by Allianz SE, Europe’s biggest insurer. “The yen could strengthen somewhat.”

See Also

Source : GFT Forex

This entry was posted on Monday, February 11th, 2008 at 13:59 and is filed under GFT Forex. 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.

Leave a Reply

« GFT Support and Resistance Levels
Euro Wavers in Currency Trading »

Japanese Yen Gains In Forex Trading

Currency trading with the yenThe Japanese yen is gaining again today in forex trading on the currency market. After the emergency Fed rate cut yesterday, currency trading returned to the carry trade briefly as risk appetite strengthened. Today, however, the story has changed for the yen on the FX market, reports Reuters:

"The recovery in risk appetite after the Fed cut was only temporary," said Niels From at Dresdner Kleinwort in Frankfurt.

"After digesting the news, markets have come to the conclusion that it will not resolve problems in the U.S. economy and this is weighing on the carry trade, supporting funding currencies like the yen."

See Also

Source : GFT Forex

This entry was posted on Wednesday, January 23rd, 2008 at 14:07 and is filed under GFT Forex. 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.

Leave a Reply

« GBP/JPY - British Pound Yen, American Session - 15/01/08
USD/CHF - Dollar Swiss Franc, American Session - 15/01/08 »

Japanese Yen Gains in Forex Trading

Currency trading with the yenThe Japanese yen is gaining in forex trading on the currency market as a slowing global economy unwinds carry trades. Even though a rising yen could hurt the Japanese economy, currency trading with the yen continues. Bloomberg reports on the popularity of the Japanese yen in forex trading:

“We’re looking to buy yen,” said Paresh Upadhyaya, a senior vice president at Putnam Investments LLC in Boston who helps manage $29 billion in currencies. “The pillar of yen weakness, a buoyant global environment coupled with low volatility, has flipped.”

See Also

Source : GFT Forex

This entry was posted on Tuesday, January 15th, 2008 at 14:12 and is filed under GFT Forex. 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.

Leave a Reply

« EUR/USD - Euro Dollar, American Session - 11/01/08
U.S. Dollar Slides in Currency Trading »

Japanese Yen Gains in Forex Trading

Currency trading with the yenThe Japanese yen is gainin in forex trading on the currency this market this morning as risk aversion sets in and the carry trade unwinds. The higher-yielding U.K. pound is especially hard hit in currency trading with the yen. Reuters reports on this mornings happenings:

The yen gained broadly and the high yielding pound fell to fresh lows on Friday as renewed worries about U.S. financial institutions’ losses from credit market turmoil and falling equities eroded risk appetite.

See Also

Source : GFT Forex

This entry was posted on Friday, January 11th, 2008 at 15:02 and is filed under GFT Forex. 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.

Leave a Reply

FAQ Trading Tools

You have a question on trading tools? just ask in the forum!

Forex Forum

English
Français

Latest technical analysis