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Japanese yen is at a very important technical levels at the moment, against the dollar recently upgraded to a maximum of 15 years, and the Yen against the Euro is trading at record low levels, the last time that we saw in 2001. Now defining moment as to whether the yen strengthened further? Any logical persuasion will speak for the fact that there is no need yen to rise further, it would be time correction, but the market will be about this opinion, and how it will be difficult to say. I can only summarize the factors are the pros and cons of strengthening yen.


Not so many factors for, so the yen continued to strengthen. The most important point, even non-technical, but it is fundamental. Japan – exporting country, and of course, the cheaper yen, the more profitable Japanese economy. It is on this basis, there are rumors that the Bank of Japan may intervene and take steps to mitigate the yen. The following technical factors, the time should have approached correction, followed by fracture trend. Nevertheless, if we analyze the daily chart of USD / JPY, then no Turning signals until there is none. Yes, trade is conducted on the second day, but there is a candle Turning signals and graphics, it seems that the strengthening of the dollar against the yen is postponed to autumn, but by that time the market will come bigger investors.
About intervention.

Since I’m not good at fundamental analysis, one can only listen to the views of analysts on the subject, some say that 85 yen per dollar is no reason to intervene, others vice versa, while others tend to make the yen a bit more to entrench level 83-80, but there already begins to operate the Central Bank of Japan. What is clear is that there are not waiting for a long time and rush to sell yen, too, seems to me, now is not worth it. Even just a little bit wait and there will be some signals to buy USD / JPY

Related posts:

1. Japan, new market intervention?
2. Bank Of Japan Takes Measures To Limit Appreciation Of The Yen
3. USD / JPY tumbled
4. Forex forecast for the week. October 11 – October 15
5. Tokyo intervened in the market to stop the growth of the yen

Tags: analysis, Analyst, Bank of Japan, Forex, Fundamental, Intervention, intervention by the Bank of Japan, investor, USDJPY, Yen

This entry was posted on Sunday, August 29th, 2010 at 2:40 am and is filed under Forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.