JPY Trading Outlook
The Japanese Yen (JPY) the USD/JPY fell sharply to Y80.65 after rumors that the BOJ would not announce any fresh easing measures today and that they believed such measures would not be effective. The market bounced in the US session back above Y81 and we are cautious now ahead of the BOJ decision expected in Asian Friday.
The Japanese Yen (JPY) the USD/JPY eased post FOMC down to Y81.10 from Y81.50 but is well supported from crosses and expectations the BOJ will announce fresh monetary easing measures. The BOJ decision is due tomorrow in the Asian session afternoon and the Government has been pressing the BOJ publicly to do something.
The Japanese Yen (JPY) the USD/JPY is looking heavy as the EUR/JPY and AUD/JPY pull it lower but the market is expecting to find solid support under Y81. The Yen is a safe haven and will be following the stock market until Wednesday’s US FED Interest rate meeting.
The Japanese Yen (JPY) USD/JPY held in a tight range above Y81.50 but is of risk of once again falling back as USD weakness usually moves across onto the USD/JPY if sustained. Crosses are supported for the time being but need sustained risk appetite to move higher.
Go to Japanese Yen (JPY) Archive



