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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

Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GD...
This past week's calm optimism was likely an interlude for a bigger shift in market conditions. With a FOMC decision, US GDP, ECB Stress test and much more ahead; stability will b...
USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing
The fundamental outlook for USD/JPY remains bullish as Federal Open Market Committee (FOMC) moves away from its easing cycle, but the dollar-yen may struggle to press fresh highs ...
Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
Was this past week's rise in capital markets and relief from volatility a false dawn?
USD/JPY Remains Capped by Former Support Ahead of FOMC, BoJ Meeting
The USD/JPY may stay capped by former support should the Fed retain a rather dovish tone for monetary policy, while the BoJ fails to act.
The Weekly Volume Report: USD/JPY Rallies, Turnover Doesn’t
Instruments covered this week: EUR/USD, USD/JPY & AUD/USD
USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
GBPUSD's rally after the Q3 UK GDP report was short-lived today.
USD/JPY Open To Further Gains Amid Void Of Bearish Patterns
USD/JPY is at a critical juncture near the 108.00 hurdle with a void of bearish reversal signals leaving the risks skewed to the topside.
Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
The British Pound is likely to decline if a soft set of third-quarter UK GDP figures erodes Bank of England interest rate hike expectations.
British Pound Could Close Out Week with a Bang on UK GDP
With much of the FX market checking out through the final 24 hours of trade this week in deference to the heavy docket next week, there is one major that is still on the line for ...
Video: EURUSD, USDJPY Breakouts Unlikely to Form Trends
Both equities and the Dollar put in for another drive this past session, but how much momentum can these trends muster?

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.