Results for 'JPY'
99 articles with this tag name
Updated Apr 29, 2013 2:00:00 PM
Every Friday afternoon the US Commodities Futures Trading Commission, CFTC, releases its weekly Commitment of Traders report. In its simplest sense it measures if the FX futures market is long or short specific currencies versus the dollar. The report publishes different categories of trader to see if they are long or short, however we will concentrate on the non-commercial speculative end of the market (hedge funds etc.) as this tends to give a better take
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Updated Feb 22, 2012 3:15:00 PM
Following approval of Greece’s second bailout package, markets have displayed a certain lack of enthusiasm, which is understandable given the still very severe plight facing Greece in the weeks and months ahead. Beyond the likely failure of Greece to meet deficit targets further down the road due to its deep recession and impending budget cuts, we think there are near-term risks ahead in the implementation of the required reforms, most clearly in the Greek government
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Updated May 16, 2013 10:20:00 AM
The slew of economic data released this morning out of the US reinforced the need for ongoing Fed stimulus (for now) as reports raised concern regarding both of the Fed’s mandates (price stability and full employment). Consumer prices fell by -0.4% m/m in April which was deeper than the expected -0.3% drop and even lower than the prior month’s decline of -0.2%. This was the first back-to-back decline since 2008 and the April decline was
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Updated May 21, 2013 3:00:00 PM
The Bank of Japan’s policy meeting will conclude tonight and we do not anticipate any significant changes to current policy as aggressive measures were taken early last month at Kuroda’s inaugural meeting. The BoJ is likely to hold for now as it assesses the impact of recent action as it filters through to markets and the economy. Therefore, the focus will be placed on the tone of the statement which has the potential to be
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Updated May 9, 2013 1:30:00 PM
USD/JPY continues to trade within its bullish long term channel and the pair is currently testing above the top of a recent triangle formation. We identified this consolidation pattern earlier this week as a continuation pattern and it appears that USD/JPY may soon approach the significant 100.00 level. 100.00 has been a key technical hurdle to the upside and we maintain our view that a shift of flows from Japanese investors out of the country
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Updated May 7, 2013 1:45:00 PM
The JPY has weakened considerably against the USD over the past several months but has faced a significant hurdle ahead of the psychological 100 level. USD/JPY has been trading within a bullish channel since September of last year and the pair appears to be consolidating in a pennant formation below 100.00. This type of chart pattern suggests a continuation of the current trend and the potential for a break above 100. For now, we expect
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Updated Apr 30, 2013 1:40:00 PM
The failure of USD/JPY to reach the 100.00 level and doubts that the Bank of Japan policy action is sufficient to reach its 2% inflation target within a 2-year time frame have resulted in a near term correction lower in the pair. Net speculative yen positioning as reported by the CFTC’s Commitment of Traders report showed that net shorts were trimmed by 13,681 to -79,730 with a reduction in gross shorts of 14,187. For now,
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Updated Dec 17, 2012 1:50:00 PM
At the end of each week on Friday at 1530ET, the CFTC releases its Commitments of Traders (CoT) report. This report reflects the commitments and open interest for the prior Tuesday and is a useful indicator for analyzing market sentiment. The traders are divided into “commercial” or “non-commercial”. Commercial traders are typically large businesses that use currency futures to hedge as protection from exchange rate fluctuations. We focus on the non-commercial traders, which are large
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Updated Apr 15, 2013 6:30:00 PM
In light of the terribly horrific event that occurred at today’s Boston Marathon and the ongoing investigation, we will not elaborate too much on its market impact, but will state some quick market facts: At the beginning of the month we stated “Considering its close proximity to these All-time highs, we believe the S&P500 is likely to make a strong push for 1576 and potentially even break above it over the coming days. However, should
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Updated May 13, 2013 11:40:00 AM
USD/JPY rose above 102 for the first time since 2008. The pair has been in a steep upwards trend channel since September and the recent break above the psychological 100 figure saw a pick up in upside momentum over the past few sessions. Key factors behind the rise in USD/JPY are:
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