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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 Risk Triumvirate to Keep Volatility Elevated This Week
The Euro’s beating continued last week, with fresh 11-year lows coming against the US Dollar after the European Central Bank unveiled its much-anticipated QE program. There ...
Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boi...
We are already off to a volatile start to 2015, and the coming week presents high-level event risk that will likely keep those activity levels high.
Bullish USD/JPY Outlook Vulnerable to Less-Hawkish Fed, Dismal US GDP
The fundamental developments due out next week may undermine the bullish forecasts surrounding USD/JPY should the Federal Open Market Committee (FOMC) scale back its hawkish tone ...
Trading Video: EURUSD, EURJPY and EURGBP Ready for Greek Election
While volatility measures for traditional asset classes may have settled a little this past week, the FX market continues to build on activity levels.
Strategy Video: Euro Risks Are Not Extinguished by ECB Stimulus
An open-ended QE program from the ECB adds support for the Euro-area's economy and financial system.
EUR Tumbles Post-ECB; Does New QE Program Live Up to Hype?
The ECB has finally joined the QE party, albeit five-years late...
Pound Eyeing Carney Comments for Guidance, Euro to Look Past PMIs
The British Pound is looking to comments from BOE Governor Carney for direction cues while the Euro is likely to overlook January’s flash PMI data set.
USD/JPY Technical Analysis: Bounce Stalls Below 120.00
GBP/JPY Technical Analysis: Prices Slump Back Sub-178.00
EUR/JPY Technical Analysis: October Low Under Pressure

Japanese Yen Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Jan 29
23:30
JPY National Consumer Price Index (YoY) (DEC) 2.3% 2.4%

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.