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.
Click here for live USD/JPY rates.
Weekly US Dollar and Japanese yen Trading Forecast
|Dollar and S&P 500 Traders Hold Breath for Fed Decision||bullish|
|Bullish USD/JPY Outlook Vulnerable to Less-Hawkish Fed, Dismal US GDP||neutral|
|Symbol||Trend Bias||Time Frame||Candlestick Formation||Candle Bias||Chart Links|
|Symbol||Bias||Time Frame||Invalidation||Objective||Chart Links|
USD/JPY Support & ResistanceW - Weak | M - Moderate | S - Strong
|Symbol||Trend||Volatility||Analysis / Chart|