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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

Scalp Webinar: USD Defends Support Slope- Bulls at Risk Ahead of NFP
Archive to today’s Scalp webinar & highlighted setups ahead of key US event risk this week. Here are the updated targets & invalidation levels that matter.
Euro Looks at Key Risk - Here is What We’re Watching
High volatility prices warn that the Euro, US Dollar, and other major currencies will see big moves in the week ahead. Here’s what we’re watching.
USD Nearing Turn at End of Q1? Charts to Start the Week
The USDOLLAR Index continues to make headway into key short-term resistance levels that could ultimately mark a turning point for the buck.
USD/JPY Technical Analysis: Consolidating Near 119.00
GBP/JPY Technical Analysis: Digesting Losses Above 176.00
EUR/JPY Technical Analysis: Support Found Near 129.00
Euro Relief Rally May Hit Wall as Market Refocuses on EZ CPI, US NFPs
Commercial long positions continue to dig in, helping spark widespread gains in the EUR-crosses, particularly in EURGBP and EURUSD.
Forecast: Dollar Faces NFPs, Euro Anticipating Greece and Risk Languishes
The week ahead of us will be driven by both frenetic speculative views and distinct event risk.
Fed Fear Builds USD, Greece Unnerves the Euro but S&P Yet to Collapse
Despite this past week's volatility, the moves made were low threshold. The uncomfortable market shifts are still ahead.
USD/JPY Holds 118.20 Support Ahead of Fed Rhetoric, NFP Report
The fundamental developments coming out of the U.S. economy may continue to undermine the long-term bullish outlook for USD/JPY as recent headlines point to a growing dissent with...

Japanese Yen Trading Forecast

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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.