Japanese Yen Analysis: USD/JPY, EUR/JPY, and GBP/JPY Bullish Outlooks Under Threat
With EUR/JPY and GBP/JPY testing critical support, price action over the next 30 hours will go a long way toward determining if the year-to-date trends extend or end from here...
Japanese Yen Analysis: USD/JPY at support, EUR/JPY and GBP/JPY Uptrends Continue
The yen has rallied across the board over the last week+, but traders may now look to take profits on USD/JPY, EUR/JPY, and GBP/JPY ahead of the weekend...
Japanese Yen forecast: USD/JPY breakout towards 135, fresh monthly highs
USD/JPY has broken out to a fresh monthly high and Thursday of this week brings Japanese CPI numbers after a noticeable drop in Japan’s inflation last month.
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The Yen repatriation trade appears to be back in play
The Japanese yen has surged higher during today’s Asian session, suggesting the end of fiscal year repatriation trade is in play.
The top 10 most traded currencies
Learn about the 10 most traded currencies like the dollar, euro, and yen and why forex traders prefer trading these major currencies.
Is the USD/JPY bearish move becoming ‘long’ in the tooth?
Shorting USD/JPY is not a new idea, and as the pair has erased around half of its 21-month rally, we see the potential for a bounce over the coming weeks.
The yen continues to rise as traders bet on BOJ policy shift
The yen was the strongest currency overnight as traders reacted to weak manufacturing PMI data over the weekend, and the potential for the BOJ to adjust their policy.
USD/JPY: Christmas week recovery rally may soon stall out
Given the confluence of resistance levels and general low-interest trading environment ahead of year-end, it would be logical for the USD/JPY’s corrective rally to reverse ahead of the weekend...
What is the oldest currency in the world?
The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.