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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

Where USD/JPY Might Stall
Key long term-retracements loom overhead...
BoJ Jumps the Shark as JPY Implodes on Surprise Easing
USDJPY exploded through ¥111.60 earlier. What is the Bank of Japan doing to the Yen?
USD/JPY Soars Past 111 As Void Of Bearish Signals Opens Further Gains
USD/JPY’s rocket through several technical barriers amid a void of bearish candlesticks suggests the potential for further gains.
USD/JPY Breaks Through 110.00 As BOJ Targets Expansion Of Monetary Base
BOJ announced to expand their annual target for increasing their monetary base to 80 trillion yen, up from 70 trillion yen. USD/JPY soared above 110.00 as a result.
Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
The Euro may overlook October’s CPI data considering its limited impact on near-term ECB policy. The Kiwi Dollar fell after a soft Building Permits report.
USD/JPY Technical Analysis: Resistance Above 110.00 in Focus
GBP/JPY Technical Analysis: Resistance Just Below 176.00
EUR/JPY Technical Analysis: Rally Stalling Near 138.00 Mark
USDJPY Presses Resistance Ahead of BoJ- Support at 108.87
A weekly opening range break shifted our focus to the topside with the rally now at risk below key resistance. Here are the updated targets & invalidation levels.
USD/JPY Back at 13 Year Trendline

Japanese Yen Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Oct 30
23:30
JPY National Consumer Price Index (YoY) (SEP) 3.2% 3.3% 3.3%

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.