Archive for 2010 japanese yen forecast

Counting down to BoJ Meeting

Before you know it, the Bank of Japan will be delivering their monetary policy announcement. Far less attention has been paid to the BoJ announcement than last’s ECB or RBNZ meetings and for good reason. For the past few years, the central bank has been more reactive than proactive and never one to opt for [...]

Fed: Data Shows Mkt Pricing in Q2 Rate Hike?

It has been a while since I provided updated numbers for the market’s rate hike expectations and I will chalk it up to my travels! Rate expectations are always changing and a lot has happened over the past month. Its always important to keep track of them because they reflect what investors are [...]

CNBC Video: All About the Yen

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

Has Japan’s Earthquake Stopped Mrs Watanabe from Trading?

The sharp rise in the Japanese Yen has triggered a lot of talk of repatriation by Japanese investors and the price action of the Japanese Yen certainly suggests that this could be true, but has the earthquake really put investors offline? I did some research on this and here’s what I found:
1) The MoF publishes [...]

USD/JPY: Top 10 Largest Moves and How the BoJ Responded

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 [...]

Japan Radiation Levels - What do they Mean?

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 [...]

Video: Impact on Japanese Earthquake

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.

Chart: How JPY has Reacted to Past Quakes

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 [...]

USDJPY: Prime for a Breakout?

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 [...]

USDJPY: A Good Buy?

The first two trading days of 2011 has been very kind to USD/JPY. After falling for 2 weeks straight, USD/JPY has finally found a bottom. According to my 2011 Dollar outlook, improvements in U.S. data should help the dollar recover in the beginning of the year. So far, we have seen some [...]