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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

EUR/USD Prepares for its Most Important Week in Months (If Not Years!)
Time to buckle up. Volatility is a near-certainty across EUR-crosses at the end of the week, with the ECB meeting on Thursday, both Draghi and Yellen speaking on Thursday, and the...
GBP/JPY Technical Analysis: Into the Jaws of Support
Afer a strong move higher two weeks ago, GBP/JPY has been hurdling lower, but with another inflection off of support, reversal setups may become attractive.
EUR/JPY Technical Analysis: Setting Up In Front of ECB
EUR/JPY has been on a magnanimous run to the down-side, but with 130 coming in again, traders should exercise caution ahead of next week's ECB meeting.
Fed Rate Hike Cycle Doesn’t Necessarily Bode Well for US Dollar
Higher interest rates tend to support a stronger currency. For the US Dollar, gains after a December Fed rate hike are anything but certain.
EUR/USD Reaches Towards 1.05, Yen Crosses Weigh Range vs Breakout
The markets are comfortably numb as the expected liquidity drain temporarily distracts investors from the crash of event risk and market internals starting next week.
USD/JPY Continues to Coil Ahead of Japan CPI, Month-End Flows
Following the breakout from earlier this month, USD/JPY appears to be coiling for a move higher as it preserves the range from the previous week.
Pre-Holiday Data Keeps USD on Track versus EUR
After today's data, US-German yield spreads continued to suggest a weaker EUR/USD.
USD/JPY Technical Analysis: 21-DMA Support Key for Bulls
The Japanese Yen is unlikely to gain a foothold in G10FX without a true risk-off event or shake-up of the current paradigm of central bank-led markets.
Dollar Loses Traction, Risk Turn Shallow, Pound Tumbles
Speculative moves by two of the global financial system's most prominent players - the US Dollar and S&P 500 - failed once again to achieve liftoff.
GBP/JPY Plummets Into Support- Sell Rips Sub 186
GBPJPY reversed off key resistance last week with the recent sell-off approaching initial support. Here are the updated targets & invalidation levels that matter.

Japanese Yen Trading Forecast

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Date Time Currency Event Importance Actual Forecast Previous Notes
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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.