I was on CNBC Squawk Box Asia last night talking about all things Asia including the outlook for Japanese Yen, Korean Won and Chinese Yuan.
Here is the clip if you missed the segment

Posted in 2009 japanese yen, 2009 japanese yen forecast, Forex TV, chinese yuan 1 Comment »

Yields on short-term US Treasury debt have fallen to the lowest in history on mounting expectations of extra stimulus from the Federal Reserve. USD/JPY has been doing nothing but tracking yields which means that until yields bottom, USD/JPY will remain under pressure. I’ve been talking about this for weeks now - here’s an updated [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, forex blog, non-farm payrolls 10 Comments »

The U.S. dollar fell to a 7 month low against the Japanese Yen this morning following another barrage of weak economic data. Consumer prices fell, foreign inflows decreased and the UMich consumer confidence survey dropped to the lowest level since August 2009. On FX360.com, I talked incessantly in my daily report about how [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, 2009 us dollar forecast, ECB, Japanese Yen, forex blog, usd/jpy, usd/jpy intervention 7 Comments »

Over the past 48 hours, the U.S. dollar has come under aggressive selling pressure and I think USD/JPY is set to test its year to date low below 87. Here is a chart of the Dollar Index that shows a break of a major trendline which suggests that the dollar’s weakness will not be [...]

Posted in 2009 japanese yen forecast, dollar record low, euro, forex blog 3 Comments »

Look at this, USD/JPY moving along with 2 year yields. What does this suggest? That next week, USD/JPY could bounce. If payrolls is very weak, that may not happen, but U.S. yields are nearing very low levels and short positions area heavily weighted to USD shorts.

Posted in 2009 japanese yen forecast, forex blog, usd/jpy 5 Comments »