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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

USD/JPY Aiming Higher With Bearish Candlestick Patterns Lacking
USD/JPY continues to edge cautiously higher with an absence of bearish reversal signals offering some hope to the bulls for a run on 102.00.
US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts
The US Dollar is likely to rise amid firming Fed policy speculation if June’s US inflation data tops economists’ consensus forecasts.
Dollar Trade Options on CPI Data
There are two ways the dollar is moving: an abrupt change in the appetite for risk or a meaningful alteration in Fed rate expectations...
USD/JPY Technical Analysis: Bulls Reclaim Key Chart Barrier
GBP/JPY Technical Analysis: Stalling After Support Break
EUR/JPY Technical Analysis: Testing Above 137.00 Anew
Fundamental Forecast: Volatility Turning Over as Events Shape Rates
Was last week's volatility jump just another short-lived blip on the radar or is the frequency of these spells showing a bigger change at work?
GBPJPY Eyes Major Inflection Zone- Weekly Opening Range in Focus
GBPJPY is back at a key inflection zone highlighted last month with the weekly opening range taking shape just above. Here are the updated targets & invalidation levels.
Price & Time: USD/JPY Continues to Disappoint
Range trading dominates, but for how long?
Euro Starts to Slip Under Weight of Falling Inflation Expectations
Now that inflation expectations are falling, additional evidence of slowed growth can compound the issues facing the Euro in the near-term. While we anticipate exogenous influence...

Japanese Yen Trading Forecast

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Jul 24
23:30
JPY National Consumer Price Index (YoY) (JUN) 3.5% 3.7%

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.