Archive for 2010 japanese yen forecast
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 [...]
The Japanese Have Done it! Kan’s Politically Savvy Move
The Japanese have finally done it! Yesterday, I wrote that “even if Kan was not actively considering physical intervention to weaken the Yen before the elections, he will have warmed to idea when he wakes up in the morning and finds USD/JPY trading below 83.”
Warming to the idea was apparently an [...]
Outlook for JPY, GBP, EUR, USD
I was on the Business News Network this morning talking about today’s developments including the Japanese elections, the prospect of intervention, the UK CPI numbers, the reason why euro is weak and U.S. retail sales. Click on the image to access the Video
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. [...]
August: A Bad Month for USD/JPY
More than 3 weeks ago, I talked about how USD/JPY has a strong tendency to weaken in the month of August (see post: USD/JPY Falls 10 out of the Last 12 Augusts). The year 2010 was no different as USD/JPY ends the month down nearly 3 percent.
At that time, I said “Although seasonality does [...]
Dollar Breaks Support, Falls 10 out of last 12 Augusts
The U.S. dollar may be rebounding this morning but I think the gains will be short-lived. August is a terrible month for USD/JPY - the currency pair has fallen TEN out of the last TWELVE Augusts. Although seasonality does not equal a certainty of USD/JPY weakness, it is worth noting that 83 percent [...]
