With Japan still closed for the Golden Week holiday trading volumes can best be described as “thin”, with the dollar yen trading in a relatively narrow range until rumours that Bank of America is likely to need at least $34bn of fresh money to help...
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Yen To Dollar – Daily FX Chart 5th May 2009
With the Japanese market closed for the Golden Week Holiday we can expect little change to the current sideways trend in the yen to dollar pair typical of the past few days. With the moving averages now converging and little in the way of news...
Yen to Dollar – Daily FX Chart 30th April 2009
Some glimmers of hope for the Japanese economy with the release earlier today of the PIP data (Preliminary Industrial Production) which surprised the markets by coming in at an encouraging 1.6% against a forecast of 0.8%, with output rising twice as fast as expected in...
Yen To Dollar – Daily Forex Chart 29th April 2009
With a national holiday in Japan all the fundamental news on the economic calendar for the dollar yen is in the US where Advance GDP figures have just been released and have come in worse than expected at -6.1% against a forecast of -4.8%, which...
Yen Dollar – Daily Forex Chart 27th April 2009
Friday’s candle finally broke below the small interim support platform which had held firm during the week and added a bearish tone overall to the dollar yen pair, closing below all three moving averages and with the 40 day now crossing the 9 day and...
Dollar vs Yen – Forex Chart Daily Candle 22nd April 2009
The only item of fundamental news on the economic calendar for the Japanese Yen was released in the overnight trading session by the Ministry of Finance who reported that Japan’s exports in the Trade Balance figures continued to fall in March from a year earlier...
Yen To Dollar – Daily Forex Chart 21st April 2009
Yesterday’s sharp falls in equity markets, precipitated in part by continuing worries about the banking sector and unfounded rumours about a dubious blog which claimed to have the results of the banks’ stress tests, forced many traders and investors into a variety of safe havens,...
Yen to Dollar – Daily Chart 6th April 2009
As I had been suggesting all week we have finally had the decisive breakout that we have been waiting for on dollar yen pair with Friday’s close finishing above the psychological 100 mark, with all three moving averages now pointing to a move higher. This...
Yen To Dollar – Daily Candle Chart 1st April 2009
With Japan’s fiscal year end now firmly out of the way, the Tankan survey the worst on record and yesterday’s bullish engulfing signal, coupled with the BOJ’s determination to have a weak Yen, we should now see a breakout to the upside through the resistance...
Yen To Dollar – Daily Candle Chart 31st March 2009
Even as the markets awaits possibly the most important item of fundamental news on the economic calendar relating to the Japanese economy, Japan’s Q1 Tankan large manufacturers business conditions survey, to be released Apr 1, is forecast to tumble to -55 from -24 in Q4...
