Archive for 2009 japanese yen forecast

CNBC Video: All About the Yen

I was on CNBC Power Lunch this afternoon talking about the Japanese Yen and intervention risk.

Will a Second Round of Japanese Intervention be Effective

Back from Vegas last night and on the Business News Network this afternoon talking about whether a second round of Japanese intervention will be as effective as the first. Click on the image to access the video

JPY Breaks 83: Time for Intervention?

Prime Minister Kan won the elections last night and Yen traders have interpreted his victory to mean a more relaxed approach towards intervention. This may be true when compared to the pro-intervention stance of Ozawa (his challenger) but the rapid appreciation in the Yen against the U.S. dollar AND the Chinese Yuan has also [...]

How Election Outcomes Could Affect AUD and JPY

If you have read the international papers, you may know that there are two political developments that is worth paying attention to.
On August 21st, Australia held general elections for Prime Minister and if you recall, the votes were so tight that nearly 2 weeks later, there is still no clear winning. [...]

Bank of Japan Stepping it Up?

Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:

“There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and [...]

CNBC Interview: Outlook on Asian Currencies

I was on CNBC Squawk Box Asia last night talking about all things Asia including the outlook for Japanese Yen, Korean Won and Chinese Yuan.
Here is the clip if you missed the segment

Update on USDJPY and US Yields

Yields on short-term US Treasury debt have fallen to the lowest in history on mounting expectations of extra stimulus from the Federal Reserve. USD/JPY has been doing nothing but tracking yields which means that until yields bottom, USD/JPY will remain under pressure. I’ve been talking about this for weeks now - here’s an updated [...]

How Far Can USD/JPY Fall?

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 [...]

Dollar Headed Lower?

Over the past 48 hours, the U.S. dollar has come under aggressive selling pressure and I think USD/JPY is set to test its year to date low below 87. Here is a chart of the Dollar Index that shows a break of a major trendline which suggests that the dollar’s weakness will not be [...]

Dollar Headed Lower?

Over the past 48 hours, the U.S. dollar has come under aggressive selling pressure and I think USD/JPY is set to test its year to date low below 87. Here is a chart of the Dollar Index that shows a break of a major trendline which suggests that the dollar’s weakness will not be [...]