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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 Spotlight On 109.00 In Absence Of Bearish Candlesticks
USD/JPYhas rocketed higher from the 107.00 launch pad with a void of bearish candlesticks in its trail.
British Pound: Scottish Vote is Close and FX Traders are Nervous
Market participants are clearly concerned about what a possible Scottish secession from the United Kingdom could mean for the British Pound…
USD/JPY Technical Analysis: Stalling Above 107.00 Figure
Will Today’s Top Event Risk Make or Break EURUSD, GBPUSD Trends?
Though the Fed disarmed the impact of its policy decision and forecasts on capital market complacency, the US Dollar extended its rally to 14-month highs.
GBP/JPY Technical Analysis: Pound Soars to Six-Year High
EUR/JPY Technical Analysis: Euro Renews Rally vs. Yen
Trading EURUSD and GBPUSD Through the ECB LTRO and Scottish Referendum
Having passed the first wave of scheduled event risk (the FOMC rate decision), the FX market braces for the next fundamental break...
Scotland Vote Promises GBP Volatility - How Big and Which Way?
The British Pound has bounced off of recent lows just ahead of the Scottish referendum. But what do derivatives tell us on the odds of the Sterling’s next moves?
US Dollar Surges as Fed Upgrades Interest Rate Forecasts
The US Dollar has surged to fresh multi-year highs versus the Japanese Yen as the US Federal Reserve tapered QE policy and raised guidance on the future of interest rates.
USD/JPY Clings To 107.00 As Dojis Highlight Hesitation From Traders
The USD/JPY bulls have seemingly lost confidence as indicated by a medley of Doji formations and short body candles.

Japanese Yen Trading Forecast

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Date Time Currency Event Importance Actual Forecast Previous Notes
There are no events scheduled.

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.