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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 Vulnerable to Dovish Draghi- USD/JPY Carving Doji?
The Dow Jones-FXCM U.S. Dollar Index looks poised for a near-term correction, while the EUR/USD remains vulnerable as the ECB turns increasingly dovish.
US Dollar Poised to Rally Until this Changes
The US Dollar continues to trade to fresh peaks versus the British Pound, Euro, and other counterparts. Yet these signs show high risk of reversal in key pairs.
Could Finally be Start of US Dollar Breakout versus Yen
Retail forex traders are now net-short the US Dollar versus the Japanese Yen for the first time in four months; we’ll continue to watch for USDJPY gains until sentiment shif...
USD/JPY Hits Its Next Hurdle With Key Reversal Signals Lacking
USD/JPY’s rapid ascent has stalled near the critical 104.00 barrier. Yet an absence of bearish candlestick patterns casts doubt on a correction.
EUR/USD Slide Continues but EUR Weakness Elsewhere Questionable
EURUSD and USDCHF are back in tandem, and while that mean a bit more EURUSD weakness as USDCHF tries for $0.9160, that doesn't mean that Euro has to weaken across the board.
USD/JPY Technical Analysis: Yen Drops Most in Five Months
Dollar Rally Forces EURUSD and USDJPY Breaks
The normally boilerplate FOMC minutes offered up a surprisingly hawkish lean and extended the US Dollar’s impressive run this week.
Trading Video: Dollar and Equities Rally after Fed’s Assertiveness
The move towards monetary policy normalization has yet to unnerve the risk exposed. Which trends will stick and which will run out of steam? We discuss that in today's Trading Vid...
GBP/JPY Technical Analysis: Eyeing Resistance Above 172.00
EUR/JPY Technical Analysis: Euro Trying to Gather Steam

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.