This morning, I published an article about how talk of BoJ intervention is keeping USD/JPY above water:
There is a lot of talk this morning that the Bank of Japan is checking currency rates. The Japanese Yen has continued to rise over the past 24 hours and by checking rates, the central bank is keeping [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Japanese Yen, Yen Intervention, boj intervention, forex blog 3 Comments »

This is not the first time in recent history that US interest rates have fallen below Japanese levels. In the past 40 years, this has happened at least 5 times. The most recent time was in 1993.
The following chart illustrates how USD/JPY performs whenever the interest rate spread between the US and Japan [...]

Posted in Bank of Japan, Forex News, Forex Technicals, boj intervention, forex blog, usd/jpy, usd/jpy intervention 6 Comments »

The US dollar continued to hit new decade lows against the Japanese Yen and is inching closer to my 85 target. As you can see in the chart below, there is no support from here to 85. With US interest rates below Japanese rates, more adjustment is happening in USD/JPY.
I do [...]

Posted in Fed Rate Cut, Fed Rate Cut Expectations, Fed fund futures usdjpy, Federal Reserve, Forex News, Forex Technicals, boj intervention, forex signals, usd/jpy, usd/jpy intervention 14 Comments »

USD/JPY hit a 13 year low of 88.22 today after news that the bailout plan is not going happen before the new year. If you have been following my blog, I called for a move down to a new 13 year low Wednesday morning. At that time, USD/JPY was trading at 92.50-93.00. [...]

Posted in Bank of Japan, Fed Rate Cut, Federal Reserve, Forex News, Forex Technicals, Intervention, boj intervention, forex blog, forex signals, usd/jpy, usd/jpy intervention 5 Comments »