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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

A Fundamental Push for Key EURUSD, GBPUSD and USDJPY Levels?
A surge from the Dollar to close this past week has put many of the 'majors' on the verge a reviving a long-term trend.
EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions
Fed Chairwoman Janet Yellen closed our trading week with remarks that suggest the central bank is still looking for a rate hike this year.
Holiday Conditions and Record Equities Remind of Bigger Liquidity Risks
If capital markets correct under risk aversion - inevitable over a long enough period - will the retreat be orderly or chaotic?
USDJPY Stands at 2015 High With Fed and BoJ Policy in the Forefront
The near-term breakout in USD/JPY raises the risk for a run at the 2015 high (122.01).
USDJPY Breakout Attempt from 6 Month Coil
A USDJPY breakout from the 6 month coil would open up 123.16-124.13 (high close from June 2007 and 2007 high). A measured objective from the pattern yields 128.12.
USD/CAD, USD/JPY Seen as Most Resilient USD-Pairs
Today's US inflation data should spark the greenback.
USD/JPY Technical Analysis: Rejected at Two-Month Highs
Fading Global Growth View Doesn’t Faze Equities, Yen Crosses or EURUSD
An update of global PMI data this past session reflected poorly on the outlook for economic activity. That didn't seem to upset speculators' 'long-risk' positions however. The S&a...
GBP/JPY Technical Analysis: December Top Under Pressure
EUR/JPY Technical Analysis: Stalling Below 135.00 Figure

Japanese Yen Trading Forecast

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
May 19
23:50
JPY Gross Domestic Product Annualized (1Q P) 2.4% 1.6% 1.1%

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.