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Japanese Yen Down Across the Majors As Risky Assets Consolidate
Tuesday, 05 August 2008 00:32:52 GMT
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- Wednesday, 14 October 2009 20:52:50 GMT Japanese Yen Mixed as BOJ's Shirakawa Signals End to Liquidity Measures
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- Thursday, 24 September 2009 00:07:09 GMT Japanese Trade Surplus Shrinks on Export Weakness
- Monday, 21 September 2009 20:52:46 GMT US Dollar Strength Continues, Japanese Yen Down Ahead of Fed Meeting on Wednesday
- Friday, 18 September 2009 21:10:57 GMT Japanese Yen Forecast Bullish on Lack of Intervention Threat
- Thursday, 17 September 2009 23:58:40 GMT Japanese Yen: What Happens When the Threat of Intervention is Removed?
- Thursday, 17 September 2009 01:26:06 GMT Japanese Service Demand Rises to Highest Since February
- Wednesday, 16 September 2009 19:34:43 GMT Japanese Yen Down as US Equities Break to Fresh 2009 Highs
The Japanese yen slipped versus the majority of the majors, as indicators of risk sentiment – such as the CBOE’s VIX Index – and equity markets consolidate.
There was no pertinent economic data on hand for the currency, though it’s questionable if that matters as the yen is likely waiting for the next big shift in risk appetite market-wide. Since Federal Reserve news can have a huge impact on US equity indexes, traders should look to Tuesday’s FOMC rate decision and policy statement, as this could be a major source of price action for the Japanese yen next week. My fundamental bias for the Japanese yen on Tuesday: mixed.
Written by Terri Belkas, Currency Strategist for DailyFX.com
Questions? Comments? E-mail: tbelkas@dailyfx.com
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