The sell-off in USD/JPY this evening is one of the top 5 largest moves ever for USD/JPY. Whenever USD/JPY experiences such sharp volatility over a short period of time, the Bank of Japan usually comes in to quell the volatility. The following table shows the Bank of Japan’s actions in response to the [...]

Posted in 2010 japanese yen forecast, Japanese Yen, boj intervention, forex blog, japan quake yen, japanese yen record low, jpy record low 5 Comments »

According to this morning’s reports, Tokyo officials say they detected 0.8 of a micro-sievert of radiation in the morning, which is about 27 times what’s considered normal. A chest X-ray typically involves a dose of 20 micro-sieverts. In contrast, radiation readings in Kitaibaraki city, about 43 miles (70 kilometers) south of the Fukushima nuclear [...]

Posted in 2010 japanese yen forecast, Japanese Yen, forex blog, japan quake yen No Comments »

I was on the CBC’s Lang and O’Leary Exchange Friday night talking about the impact of the Japanese earthquake on the Yen. Click on the image to access the video and fast forward to minute 51:48. I’m on until the end.

Posted in 2010 japanese yen forecast, Japanese Yen, forex blog 3 Comments »

This morning’s earthquake in Japan was the strongest in more than 100 years. The last time Japan experienced a quake even close to the 8.9 magnitude was in 1995 when a 7.3 quake hit the coastal city of Kobe. As we have seen in the price action in the foreign exchange market, risk aversion and [...]

Posted in 2010 japanese yen forecast, Japanese Yen, forex blog, jpy quake 4 Comments »

Since the beginning of the year, the trading range of USD/JPY has been getting tighter and tighter. However with the Japanese fiscal year coming to an end this month, there is a good chance that we could see the recent ranges in USD/JPY broken. Contrary to popular belief, repatriation has provided little benefit [...]

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