Tag Archives: JPY

With a key reversal off of new low for move yesterday and further upside action again overnight, the bearcamp in the Yen is kept off balance into the last trading session of the week.

A gap lower opening in the March Yen gives the bear camp an edge, even though the gap was fairly small.The Yen was undermined by softer than expected Chinese economic data,

Monday’s reversal from multi-year lows has produced some modest follow-through strength, but the Yen isshowing little inclination for making a strong rebound to finish out 2013 this morning.

There has been little relief for the Yen early this week as the market drove further into new low groundbefore making a minor bounce this morning. The Japanese Nikkei remains on-course for its best annualperformance in over 4 decades,

A large set of Japanese economic data last night has provided little lasting benefit for the Yen, althoughprices were able to bounce off of a new low for the move early this morning.

positive read for Japanese Housing Starts has done little to put the brakes on the Yen’s downtrend asprices have dropped further into new low ground coming into this morning’s trading.

The continued erosion of safe-haven support has weighed heavily upon the Yen this week, as prices arenow back to within striking distance of multi-year lows. Japanese equities may have finished the day back nearunchanged levels,

A Japanese market holiday is helping to keep the Yen in a fairly tight early trading range, but last Friday’sreversal from multi-year low should provide some near-term underlying support this morning.

With few surprises from last night’s Bank of Japan meeting results, the Yen remains on the defensive afterreaching another new multi-year low this morning.