Read More Japanese Yen Outlook in Disarray as Greek Fiasco Beckons Intervention
The greenback pared the sharp decline from earlier this month, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,816, and the reserve currency may appreciate further in the coming days should the flight to safety gather pace. Read More USD Stuck In Tight Range, Yen Eyes 7600 Amid Intervention Threats
Bank of Japan warned speculators that it is watching for excessive strengthening of the Yen. Deputy Governor Kiyohiko Nishimura said that the strengthening of the Yen are out of line with the economic fundamentals of Japan. He said, "Japan’s curr 33 Vote(s) Read More BOJ Official says Intervention Successful
This sudden Japanese Yen-weakness can only be explained by intervention. The USD/JPY jumped more than 250 pips in about 10 minutes after recording a fresh low near 75.55 in the opening Asian trading session for the week of Oct 30-Nov 4. The polar 30 Vote(s) Read More Japanese Yen Getting Crushed by Intervention
The greenback continued to appreciate against its major counterparts on Monday, and the near-term rally may gather pace in the days ahead as market participants scale back their appetite for risk. Read More USD Rally Overbought, Yen Strength Heightens Risk Of BoJ Intervention
Read More Swiss Franc Digests Intervention Move
The yen fluctuated against the US dollar and fell against the euro today on the speculation that Japan will intervene to rein the excessive appreciation of the currency.(…)Read the rest of Japan Speaks About Intervention, Yen Weakens (75 words) Posted on Forex News. Read More Japan Speaks About Intervention, Yen Weakens
Risk-aversion continues to dominate markets on intervention speculation from Japan and Switzerland and as US may talk about introducing the third round of quantitative easing as the current economic assessment points towards continuous weakness. Yen and Franc weakened against the Dollar on these intervention talks to curb the currency strength Read More JPY, CHF Drop [...]
Japan’s 2Q GDP report highlights the greatest event risk for the Yen, but the heightening risk for a currency intervention could take center stage as the exchange rate hovers around the record-low (76.28). Economic activity in the world’s third-largest economy is expected to slow 0.6% in the second-quarter and the ongoing slump in Japan may [...]
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Japan Trade Balance and Comments on Intervention
Japan’s July trade balance came out in line with expectations with a print of -130.5B yen from the prior month’s -196.5B as the country struggles to regain the trade surplus it has traditionally enjoyed. Both imports and exports were lower than forecast with imports for July showing a yearly change Read More Japan Trade Balance [...]
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