USD/JPY - Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades. Recently the Bank of Japan has expanded their purchase of Yen, hoping to overturn the deflation tide to inflation. Doubling this money supply is devaluing the Yen, boosting exports; but, increasing prices of imports at the same time, especially for commodities.
USD/JPY Data and Charts are delayed at least 20 minutes. Click here for live USD/JPY rates.
Weekly US Dollar and Japanese yen Trading Forecast
|US Dollar Will Make Breakout Bid as Market Uses NFPs to Gauge Taper||bullish|
|Yen to Extend Losses as Stagnant Price Growth Undermines BoJ Pledge||bearish|
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USD/JPY Support & ResistanceW - Weak | M - Moderate | S - Strong
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USD/JPY Pivot Points
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