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- Friday, 16 October 2009 23:59:42 GMT Japanese Yen Relinquishes its Top Safe Haven Status to the Dollar
- Wednesday, 14 October 2009 20:52:50 GMT Japanese Yen Mixed as BOJ's Shirakawa Signals End to Liquidity Measures
- Friday, 09 October 2009 20:42:27 GMT Japanese Yen Volatility Likely on Currency Intervention Threat
- Thursday, 08 October 2009 02:09:27 GMT Japan's Current Account Narrows as Exports Fall Most Since January
- Wednesday, 07 October 2009 21:15:18 GMT US Dollar, Japanese Yen Mostly Stronger as US Equities Drift Lower
- Tuesday, 06 October 2009 18:02:29 GMT US Dollar Japanese Yen Exchange Rate Forecast
- Monday, 05 October 2009 19:38:59 GMT US Dollar, Japanese Yen Mostly Lower as G7 Only Mentions Yuan Weakness, ISM Services Hits 16-Month High
- Saturday, 03 October 2009 00:15:45 GMT Japanese Yen to Follow Risk Trends as Prices Test Key Resistance
- Friday, 02 October 2009 00:29:10 GMT Japan's Jobless Rate Unexpectedly Falls, Household Spending Surges
- Wednesday, 30 September 2009 23:15:36 GMT Japan's Business Outlook Improves But Investment Falls Most in 10 Years
- Wednesday, 30 September 2009 20:10:08 GMT Japanese Yen Mixed Ahead of Q3 Tankan Report
- Wednesday, 30 September 2009 00:29:35 GMT Japanese Yen Extends its Retracement as Deflation Sets In and Fujii Weighs in on Intervention...Again
- Saturday, 26 September 2009 01:55:45 GMT Japanese Yen Momentum a Combination of Risk, Intervention and Data
- Friday, 25 September 2009 21:52:51 GMT US Dollar Down Slightly, Japanese Yen Surges as US Durable Goods Orders Fall 2.4%
- 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 was easily the biggest gainer of the day, surging 3.32 percent against the US dollar, nearly 5 percent versus the Canadian dollar, British pound, and Swiss franc, and a whopping 9.80 percent against the Australian dollar.
Risk aversion and subsequent carry trade selloffs were behind the move, which is why high-yielding currencies like the New Zealand dollar (-7.08 percent) and Australian dollar got hit so hard. With the credit crisis still hitting the world’s financial markets quite hard, true financial stability is not likely to come soon. This leaves traders highly unlikely to pile back into the carry trade. My long-term fundamental bias for the Japanese yen: bullish.
Related Article: How to Trade and Survive in Highly Volatile Markets
Check out Daily Fundamentals in its entirety for analysis and outlooks on the US dollar, euro, British pound, Japanese yen, and the commodity dollars.
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