Japanese Yen forecast - jpy japanese yen jap yen yen

The Bank of Japan’s gung-ho attitude towards its monetary policy during the past nine months has had a considerable effect on the relative levels of the Japanese Yen as well as several of the other sixteen most-actively traded global currencies. Last night’s Asian session re-enforced the important role which the Bank of Japan plays in...

Poor UK data releases marred this morning’s session for the Pound Sterling. A weaker than anticipated print for the latest British Construction Output data ensured that the Pound started the session under pressure. The key gauge of activity in Britain’s building sector showed a year-on-year drop off in activity of a greater than...

The Euro has strengthened against the US Dollar as the Italian political crisis finally came to an end increasing demand for riskier assets, investors however remained cautious ahead of the European Central Bank meeting on Thursday as many expect the Bank to announce an interest rate cut. The Euro was supported by high demand for Italian...

The Japanese Yen resumed its decline, falling for a fourth day against the US Dollar (JPY/USD) after Japanese finance Minister Taro Aso said that Japan’s stimulus policies have gone unopposed at the G-20 meeting in Washington. The Yen has dropped by around 1.1% against all of its major counterparts as speculation of further easing helped...

News from the eurozone during the weekend market shutdown has ensured that the euro starts the week firmly on the back foot. All was quiet on the European sovereign debt crisis front until the recent Italian elections brought an indecisive result, leasing institutional investors to fear that the Mediterranean state was set to ditch its...

The major mover in the global currency markets during yesterday’s session in the global currency markets was once again the Japanese Yen. There was a time in the recent past that the Yen was considered a reserve currency – an asset which institutional investors flocked to during times of crisis. In many ways, the Japanese tender resembled...

The Pound to Euro exchange rate (currency : GBP EUR) has crept higher during today’s session in the global currency markets. The move upwards towards 1.1800 was initiated by this morning’s Halifax House Price survey, which showed that UK property prices have continued to edge higher during the first three months of 2013. The survey showed...

The Pound endured yet another horror session against the euro yesterday. Price action for the pair during the early part of the day was played out in front of the backdrop of yesterday afternoon’s fast-impending face-to-face between European Central Bank President Mario Draghi and under-pressure Spanish Prime Minister Mariano Rajoy. The...

Yesterday brought a strange day for global equities; in spite of positive news overnight from Japan, where the country’s new administration revealed that it is set to adopt an ultra-loose ‘go-for-growth’ economic policy, the world’s leading share indices struggled to break into positive territory. London’s FTSE 100 closed marginally...

The ‘Greenback’ has made gains against the majority of its most traded peers due to yesterday’s US Unemployment figures coming in at a five-year low. Its gains were limited however due to a disappointing manufacturing report. The latest US Prelim University of Michigan Consumer Sentiment figures came in at their lowest level in two...