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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 Attempts to Fight the Correction - Levels in EUR/USD, USD/JPY
The buck is facing new headwinds after last week's FOMC minutes, but there is technical evidence that the US Dollar is fighting the correction.
Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
What makes a great breakout candidate? Most look for the textbook technical setup and assume the rest will fall into place.
USD/JPY Recovery Falters As Traders Look Past Harami Pattern
USD/JPY has seemingly lost some upward momentum, demonstrating a lackluster response to a Harami candlestick formation.
Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data
The Australian Dollar edged higher after China’s third-quarter GDP data registered modestly better than expected. The Yen may rise as US news-flow fuels risk aversion.
Chinese Renminbi, Global Markets Await Chinese GDP
Though the US Dollar has opened the trading week lower, the market’s motivations are more likely a rebalancing in the face of anticipation of volatility rather than a fundam...
USD/JPY Technical Analysis: Is a Bottom in the Works?
GBP/JPY Technical Analysis: Trying to Extend Above 173.00
EUR/JPY Technical Analysis: Fighting Resistance Below 137.00
Be Selective in EUR Exposure, Pockets of Strength Found
The Euro isn't all good or all bad - there are long and short opportunities shaping up equally, you just need to be selective.
Yen Drops, Aussie and NZ Dollars Rise on GPIF Asset Allocation Change
The Japanese Yen declined while the Australian and New Zealand Dollars rallied amid reports revealing the new asset allocation mix of Japan’s GPIF pension fund.

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.