We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
Japanese Yen To Depreciate Further As Fears Subside

Japanese Yen To Depreciate Further As Fears Subside

2011-03-25 21:30:00
David Song, Currency Strategist
Japanese_Yen_To_Depreciate_Further_As_Fears_Subside_body_Picture_1.png, Japanese Yen To Depreciate Further As Fears Subside

Japanese Yen To Depreciate Further As Fears Subside

Fundamental Forecast for Japanese Yen: Bearish

The Japanese Yen continued to lose ground against most of its major counterparts following the coordinated intervention by the Group of Seven, and the exchange rate may normalize further in the week ahead as fears surrounding the world’s third-largest economy subside. Indeed, it seems as though the Yen intervention was a success as the USD/JPY steadily trades above 80.00, but the rebound in the exchange rate could be short-lived as market participants weigh the aftermath of the devastating earthquake in the Asia/Pacific region.

As the nuclear crisis in Japan continues to bear down on market sentiment, with investors expecting to see a large wave of repatriation in the near future, the impact of the intervention may taper off, and the USD/JPY could face increased volatility over the near-term as policy makers weigh alternative measures to shore up the ailing economy. Japan’s Economic and Fiscal Policy Minister, Kaoru Yosano, said the government may need to draw up an extra budget to assist with the reconstruction effort as policy makers struggle to contain the repercussions cause by the natural disaster, and went onto say that the government may look at expanding fiscal policy while speaking at a news conference in Tokyo.

At the same time, BoJ Governor Masaaki Shirakawa said it is extremely difficult to predict future price action in the forex market given the uncertainties surrounding the global economy, and argued that speculation for large repatriation flows is “groundless” while testifying in front of parliament earlier this week. According to a report released by the central bank, households in Japan kept a record amount of cash in the fourth-quarter, which totaled JPY 820.7 trillion, and the large cash holdings should help to cushion the economy as it struggles to recovery from the worst disaster since World War II. As policy makers in Japan take unprecedented steps to stem the risks for the region, the Japanese Yen should depreciate further over the following week, and the USD/JPY may work its way back towards 83.00 as it retraces the sharp decline from earlier this month. - DS

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.