JPY Trading Outlook
The Japanese Yen (JPY) risk aversion made the safe haven in the Yen the strongest currency in the market back under Y80 on the major and the crosses punching lower led by the EUR/JPY. AUD/JPY is another closely watched risk trade and is close to the key Y80 level.
The Japanese Yen (JPY) the USD/JPY is being very quiet just under Y80 with risk aversion early in Asia reversed later on but not affecting the major only the Crosses. GBP/JPY and EUR/JPY are both well positioned to bounce if things improve
The Japanese Yen (JPY) the USD/JPY slipped below Y80 on Friday night with the weak US data and the cross selling accelerated on Monday with the EUR/JPY now down near Y104 and the GBP/JPY near Y128.50. The USD/JPY will be closely watched with the BOJ/MOF likely to comment on the Yen strength in the coming sessions and maybe even stabilize the market if falls become too one sided.
Go to Japanese Yen (JPY) Archive



