Japanese Yen Continues to Weaken

JPY/USD

The Japanese Yen remains the weakest major currency, continuing to fall as the Bank of Japan avoids any non-verbal intervention while the Yen continues to depreciate. Yesterday, the USD/JPY currency pair made a new 7-month high above ¥144.50. 

Trend traders will remain interested in being short of the Japanese Yen, which reached a multi-year low yesterday against the Euro. The Governor of the Bank of Japan has defended his ultra-loose monetary policy by pointing out that underlying inflation remains below the Bank’s 2% inflation target, although the headline rate is now above 3%.

Asian stock markets have mostly traded lower over the past day, with the Hang Seng Index closing firmly lower while the Nikkei 225 Index is up very slightly.

In the Forex market, the Australian Dollar has been the strongest major currency over the Asian session, while the Swiss Franc has been the weakest. The US Dollar is continuing to rise today after rallying yesterday, with the Dollar Index beginning to suggest it may soon establish a new long-term bullish trend technically.

Cocoa futures continue to rise to new multi-year highs, attracting trend traders on the long side. The move is driven by strong demand and poor harvests in parts of Africa.

Bitcoin can still not decisively break above the key resistance level at $30,534. A major bearish reversal will become more likely if this level continues to hold.

There will be releases today of US Final GDP data (expected to show an annualized GDP increase rate of 1.4%) and unemployment claims.

There will be a release today of German Preliminary CPI (inflation) data which is expected to show a month-on-month increase of 0.2%.

Ready to start trading the Forex markets? Enjoy free yet reliable Forex trading signals here.

This Post Has 130 Comments

  1. Tonic Greens

    There’s noticeably a bundle to know about this. I assume you made sure nice points in features also.

  2. Herpesyl

    Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  3. Fitspresso

    whoah this blog is magnificent i love reading your articles. Keep up the good work! You know, many people are searching around for this info, you could aid them greatly.

  4. Billionaire Brain Wave

    Thanks for another informative website. Where else could I get that type of info written in such a perfect way? I’ve a project that I’m just now working on, and I have been on the look out for such information.

  5. flowforce max

    What is FlowForce Max? FlowForce Max Advanced Formula is a holistic blend designed to promote optimal prostate health

  6. flowforce max

    What is FlowForce Max? FlowForce Max Advanced Formula is a holistic blend designed to promote optimal prostate health

  7. I like what you guys are up too. Such clever work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

  8. niu kqi1 pro

    What i don’t understood is actually how you’re not actually much more well-liked than you may be right now. You’re very intelligent. You realize thus significantly relating to this subject, made me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs great. Always maintain it up!

  9. bulantogel

    Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  10. bulantogel

    I am continually browsing online for ideas that can help me. Thanks!

  11. hire a hacker online

    Hello my friend! I want to say that this post is amazing, great written and come with approximately all important infos. I’d like to see extra posts like this.

  12. puravive reviews

    This platform is phenomenal. The magnificent data uncovers the maker’s excitement. I’m shocked and expect additional such astonishing sections.

  13. porno izle

    anal sikis siteleri tthighereduhryyy.vvpmxBWi1yf

  14. am siteleri

    seksi siteler 0qbxjluaxcxjsxzz.2841GORgncYR

  15. sexax

    BİZİ SİK BİZ BUNU HAK EDİYORUZ bjluajszz.azmNTdbUS9Fx

  16. porn

    watch porn video hephupx.vafBZ7shprBW

  17. porno

    porn siteleri pompadirha.OwhGmMONVmUP

  18. sexax

    amciik siteleri wrtgdfgdfgdqq.s88yvngnxUMl

  19. sexx

    am siteleri ewrjghsdfaa.gMMec4bdwIKj

  20. porno izle

    anal siteleri yaralandinmieycan.5SvkJNIjlV2i

  21. sexax

    viagra vurgunyedim.QSAvCbYQ1gNz

  22. Slotbom88

    I will immediately take hold of your rss feed as I can not in finding your e-mail subscription hyperlink or newsletter service. Do you’ve any? Kindly let me understand so that I may just subscribe. Thanks.

  23. cylinder

    cylinder xyandanxvurulmus.MpkAIYnQ2fxl

  24. outcount

    outcount xyandanxvurulmus.LQENp8vluNPo

  25. outgate

    xbunedirloooo.ZWiI999UREnf

  26. tlover tonet

    It’s actually a nice and useful piece of info. I’m happy that you just shared this useful information with us. Please stay us up to date like this. Thanks for sharing.

  27. Carlos Cale

    F*ckin’ awesome things here. I’m very happy to peer your article. Thank you a lot and i’m taking a look ahead to contact you. Will you please drop me a e-mail?

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.