jpy fundamentals
Article
Previous Articles
Print
- 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
US Dollar/Japanese Yen Long Term Technical Forecast
No change since last month: This is a chart that we have focused on time and time again. A 4th wave triangle (that took 12 years) is complete at 124.13 as a 4th wave and the USDJPY is headed lower in a 5th wave (and terminal thrust) that will end below 81.12. The underside of the lower line of the triangle was tested as resistance at 110.65 last month. This could be the top of corrective wave 2 from 95.72.
US Dollar/Japanese Yen Fundamental Outlook/Interest Rate Forecast
Japanese Yen interest rate expectations have remained relatively unchanged through the past several months of trading, and clear deterioration in US Federal Reserve rate forecasts means that markets predict that the USD-JPY yield differential will shrink by 4 basis points in the year ahead. Yet the Japanese Yen is far more likely to move on developments in global risky asset classes; if we see global equity markets continue to decline, the Japanese Yen will likely continue strengthening against the US Dollar.
Forex Sentiment and Positioning Outlook for the US Dollar/Japanese Yen
Forex Futures data Shows USDJPY May Rally Further Before Noteworthy Declines
Written by Jamie Saettele, Senior Strategist and David Rodríguez, Quantitative Analyst for DailyFX.com
To contact the authors of this report, please e-mail research@dailyfx.com.
Resources
