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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: Will a Rebound in Equities Hobble the Dollar and Li...
A strong rally from US equities matched the intensity of the Dollar's slide this past week. Has the financial market turned a corner for risk and the majors?
USD/JPY Breakout Hinges on Sticky U.S. Inflation, Upbeat Fed
The range-bound price action in USD/JPY may persist next week as the Bank of Japan (BoJ) continues to endorse a wait-and-see approach, but the fresh developments coming out of the...
Using a Checklist to Evaluate USDJPY, AUDUSD and AUDNZD
When we trade on discretion, 'bad feelings' and 'fear of missing out' can seep into our assessments.
USD/JPY Recent High is in Line with July Low
USD/JPY Technical Analysis: Tightest Volatility Band Range YTD
EURJPY Offers Attractive Risk: Reward Bias toward September 4th Lows
EUR/JPY Technical Analysis: Congestion Offers Double-Sided Breakout Potential
GBP/JPY Technical Analysis: Fibonnaci Resistance Offers Short-Side Setup
USD on Weaker Footing versus GBP, JPY, NZD after Positioning Shifts
The retail crowd continues to buy the dip in the US Dollar, which bodes poorly for the greenback's near-term prospects.
Japanese Yen Eyes Gains versus the US Dollar
The crowd has maintained its net-long USDJPY position, which potentially warns of further downside potential.

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.