Japanese Yen forecast page 8 - jpy japanese yen jap yen yen

POUND STERLING The Pound opened the day on the back foot with the release of worse-than-expected Service Sector results. It struggled to recover throughout the session and in the absence of any further data for the remainder of the week, is likely to continue to trend downwards. Next week’s bank of England Interest Rate announcement is...

Tokyo’s leading Nikkei 225 equities index gained almost a percentage point during yesterday’s session, causing selling pressure on the Yen as investors liquidated their positions of safety in Yen-denominated assets and moved funds into higher risk, higher reward instruments. The Yen reached a multi-year high against the USD at the end...

POUND STERLING The Pound has traded under the radar against the other majors today as the main price action in the markets affected other currencies. Yesterday’s session was massively positive across the board for the Pound, with commentators speculating that the gains were due to institutional investors adjusting their positions for the...

Appetite for risk continued to pick up during yesterday’s session, with the benchmark S&P 500 index gaining a further 0.5% on the day, following Friday’s gains of over 1%. It appears that the decisive action by the international community to call for Colonel Gaddafi to relinquish power in Libya has increased confidence that civil...

Wholesale crude oil prices edged downwards during Friday’s session, having touched 30-month highs on Thursday. Political instability in North Africa had caused crude to rally, but the bidding pressure eased on Friday following comments from Saudi Arabian officials suggesting that they would be expanding oil production, perhaps by as much as...

Civil unrest continues in Libya, with independent sources estimating that over 300 pro-democracy demonstrators have lost their lives already. This number looks set to rise, with ruler Colonel Gaddafi appearing on state television last night to urge his supporters to attack the ’rats’ and ’cockroaches’ who were demanding greater...

POUND STERLING The Pound continues to trade sideways against other majors as investors wait for tomorrow’s Bank of England Minutes of the February MPC meeting to be released. If the minutes show that only two MPC members voted for a rate hike at the last meeting, the Pound may lose ground. If four members favoured a tightening of...

Pro-democracy protests have escalated in the last 24 hours across the Middle East and Northern Africa. Colonel Gaddafi’s 42 year rule in Libya looks to be nearing an end as anti-government insurgents continue their violent protests in the capital Tripoli and in other Libyan cities. One of Gaddafi’s sons yesterday reported that two Eastern...

US DOLLAR Analysts are closely monitoring the situation in Libya and the Middle East for pointers on future moves in risk sentiment. At this time, safe haven support for the Dollar has been limited with the greenback making limited gains against the Pound and the Euro during today’s European session. Crude oil continues to edge higher,...

Violent unrest continues to plague the Middle East, as pro-democracy protestors demand increased freedoms from their leaders. Several protestors were killed by government forces in the Gulf State of Bahrain at the end of last week and hundreds of protestors continue to occupy the Bahraini capital city’s central square. Meanwhile, in Libya,...