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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/JPY Slips Below Support After Dojis Signaled Bulls’ Reluctance
USD/JPY has slipped below the 117.90 support level after a string of Dojis suggested hesitation from traders to lead the pair higher.
Euro Vulnerable as German CPI, Draghi Commentary Looms Ahead
The Euro may face renewed selling pressure as a soft set of German inflation figures and dovish comments from ECB President Draghi drive stimulus expansion bets.
Euro Heading Into Turbulent Fundamental Seas
The effects of a drained US market session on a global FX marketwill be weighed by Euro traders in the upcoming session.
Trading Video: On Volatility Watch with Euro and Yen Crosses
The US liquidity drain is upon us; and with this major session's absence, there will be a sizable fire break in the 'risk' theme.
Strategy Video: When to Go for the Short-Term or Long-Term Trade
There is never one opportunity to be found in the market.
USD/JPY Technical Analysis: Support Now Below 117.00
GBP/JPY Technical Analysis: Treading Water Below 187.00
EUR/JPY Technical Analysis: Flat-Lining Near 147.00 Figure
EURJPY Correction to Favor Short Scalp Entries Sub-1.48
EURJPY reacted off key resistance last week with the recent rally vulnerable while below the 1.48-handle. Here are the updated targets & invalidation levels.
Bullish US Dollar Undermined by Shaky October Durable Goods Orders
This morning’s top economic report generates mixed US Dollar sentiment.

Japanese Yen Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
Nov 27
23:30
JPY National Consumer Price Index (YoY) (OCT) 2.9% 3.0% 3.2%

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.