Entries Categorized as 'Japanese Yen'

How Far Can USD/JPY Fall?

Date July 16, 2010

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 [...]

What Japan Post’s New Deposit Limit Means for JPY

Date March 23, 2010

This morning, Japan Post Bank announced plans to double their deposit limit from 10 million to 20 million yen. Japan Post Bank is the country’s largest postal service operator and also its largest financial institution. With financial assets of 300 trillion yen or the equivalent of US$3 trillion, their holdings exceed the entire [...]

Why USD/JPY Could Continue to Fall

Date January 27, 2010

Last Friday, the CFTC released their weekly report of futures positioning. According to the data, which was as of last Tuesday, short positions in the Japanese Yen hit the highest levels since August 2008. At that time, the Yen weakened significantly and soon after a short squeeze pushed the currency sharply higher against the [...]

Floor Caving Under USD/JPY?

Date July 8, 2009

The 95 price level for USD/JPY has served as very strong support over the past few months and now that the currency pair is trading well below that price level, it appears that the floor is caving in.
The following chart illustrates the significance of the breakdown. USD/JPY is trading in sell zone, [...]

Yen to Strengthen Further?

Date June 15, 2009

I am back from vacation and found this interesting tidbit that could lead to further Yen strength over the next few days:
Sumitomo have announced they are looking at doing a rights issue next week (up to USD 8.6 bio equiv) of which 50% will be offered to non domestics. This deal is expected to close [...]