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JPY (Japanese Yen)

The Japanese Yen is the third most commonly traded currency in the world after the US Dollar and the Euro. The Japanese Yen is the national currency for the nation of Japan, which has the third largest national economy in terms of Nominal GDP. Japan is a unique economy, with large manufacture and export of automobiles and electronic goods. The nation is usually considered one of the most innovative in the world, and with the recent rise of Chinese and South Korean manufacturing Japan has begun to focus on high-tech and precision goods.

JPY News and Analysis

Euro Looks to Greece for Direction as Key Election Looms Ahead
The Euro may face selling pressure amid mounting sovereign risk fears if a third attempt to install Stavros Dimas as President fails, triggering a snap election.
USD/JPY Technical Analysis: Waiting for Spark Near 120.00
GBP/JPY Technical Analysis: Digesting Gains Near 187.00
EUR/JPY Technical Analysis: Euro Bounce Stalls Sub-148.00
Trading Video: Short Term Euro and Yen Setups the Order for Next Week
There are more than a few great technical and fundamental setups tempting FX traders...
Strategy Video: Euro Faces a Bearish 1Q but Choose Your Pair Wisely
The Euro is the second worst performing major for 2014, and its losses will likely be extended - and perhaps intensify - heading into the new year.
Top Trading Opportunities of 2015
Below, the DailyFX Analysts list their top trades with these scenarios in mind.
Strategy Video: A Systemic Change in Market Conditions for 2015
Record highs in markets founded on record exposure to leverage and exceptionally low rates of return make for an ill-fated future...
USD/JPY Technical Analysis: Resistance Above 122.00 Eyed
GBP/JPY Technical Analysis: December Top in the Crosshairs

Japanese Yen Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Japan saw enormous growth through the 60's, 70's, and 80's leading into the 90's. Japan thrived as a manufacturer and its partnership with The United States helped to make the country into the world's second largest economy from 1978 until 2010, when it was surpassed by China for the second place title, moving Japan to the world's third largest economy.


In the late 1990's, the nation of Japan saw growth slow significantly, which has come to be known as the 'lost decade' upon the collapse of the Japanese Asset Price Bubble. This period saw Japan run massive budget deficits to finance large government spending programs. These programs, however, did little to bring growth to Japan as the nation faced deflation numerous times between 1999 and 2004.


In response, the Bank of Japan embarked on Quantitative Easing in the early 2000's, but that did little to quell the Yen Strength and deflation that had plagued the nation.


Strength of the Japanese Yen became a major problem for the export-heavy nation. As exporters saw a more expensive yen, it became more difficult for them to compete with domestic manufacturers in other countries.


And due to extremely low interest rates, Japan saw massive outflows of capital from retirees and investors looking for yield in other economies such as Australia, Europe, and The United States.


In late 2012, Japan embarked on a multi-pronged approach in an effort to end the multi-decade slide that was seen in growth numbers for the Japanese economy. This approach was spear-headed by Shinzo Abe during his campaign for Prime Minister, and once installed as the political leader of Japan, with Hiroki Kuroda installed as the head of The Bank of Japan, the country started its concerted effort to bring growth, and inflation back to the nation.