JPY 03 (Dec 16 - Dec 25)

Re: JPY 02 (Oct 11 - Mar 17)

Postby winston » Mon Feb 19, 2018 8:57 am

Chart of the day: Rising yen adds to Japan challenges

by Nicole Elliott

While wishing our readers health, happiness and prosperity in this Year of the Dog, we would like to point to developments in Japan this month.

On Friday, central bank veteran Haruhiko Kuroda was reappointed for a second term as governor of the Bank of Japan, and his deputies will be Masayoshi Amamiya (the central bank’s executive director) and Masazumi Wakatabe of Waseda University.

They have their work cut out for them, and now a rapidly appreciating yen (up 3 per cent since the beginning of this month) has added to their problems.

Last week, the currency slumped below horizontal support on the chart, trading well below cloud support, and looks set to make a beeline for the psychological 100-yen level.

Source: SCMP

http://www.scmp.com/business/markets/ar ... challenges
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Re: JPY 02 (Oct 11 - Mar 17)

Postby winston » Mon Feb 19, 2018 11:17 am

USD/JPY: 106.294 versus 106.153.

Rebounded off the rip lower Tuesday to Thursday.

Entering a range of prices from August to October 2016.

Source: investment House
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Re: JPY 02 (Oct 11 - Mar 17)

Postby winston » Mon Feb 19, 2018 7:25 pm

Stronger Yen May Risk Pushing Bank of Japan Taper Further Away

Powerful stimulus will continue, and the yen’s recent advance could make policy normalization even more remote.

"If the yen breaks through 100 to the dollar, additional easing becomes a possibility."


Source: Bloomberg

https://www.bloomberg.com/news/articles ... yptr=yahoo
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Re: JPY 02 (Oct 11 - Mar 17)

Postby winston » Mon Feb 26, 2018 8:36 am

USD/JPY: 106.886 versus 106.85.

After rallying to the 20 day EMA to through Tuesday, the dollar faded into Friday.

Tested the 20 day EMA on the bounce, faded, but we will see if the dollar puts in a higher low and tries to rally and take out the 20 day.

Source: Investment House
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Re: JPY 03 (Dec 16 - Dec 19)

Postby winston » Thu Mar 15, 2018 3:02 pm

Here’s what a scandal in Japan could mean for the yen

By Anneken Tappe

Is the ‘Abe premium’ in danger?

According to news reports, school-operator Maritomo Gakuen, which has ties to first lady Akie Abe, bought government-owned land below market value.

Japan’s finance ministry admitted this week that it altered documents to remove references to Abe, his wife and Finance Minister Taro Aso.

And without Abe, there might not be “Abenomics” to keep the yen cheap.


Source: Market Watch

https://www.marketwatch.com/Story/heres ... yptr=yahoo
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Re: JPY 03 (Dec 16 - Dec 19)

Postby winston » Mon Mar 19, 2018 8:40 am

USD/JPY: 106.00 versus 106.344.

Dollar is in a 4 week lateral range below the 10 day EMA, trying to find some support for a break higher through the 20 day EMA that has held it in check since early January.

Source: Investment House
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Re: JPY 03 (Dec 16 - Dec 19)

Postby winston » Mon Mar 19, 2018 1:15 pm

Hedge Funds Go Long on Yen as Team Abe's Troubles Deepen

Hedge funds have been betting against the yen for almost the entire period since Donald Trump’s victory in the 2016 U.S. presidential election stoked expectations for tax-cut fueled American growth and higher interest rates.

But the whiff of troubles surrounding Prime Minister Shinzo Abe’s cabinet, which has overseen an historic weakening in the yen, might have peaked their interest.

Recent data on leveraged currency bets -- a key hedge fund strategy -- show net wagers are in favor of yen strength for the first time since last spring.

Source: Bloomberg.com
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Re: JPY 03 (Dec 16 - Dec 19)

Postby winston » Mon Mar 26, 2018 8:27 am

USD/JPY: 104.789 versus 104.829.

Broke hard lower from the 20 day EMA Wednesday to Thursday, then held the line Friday.

Already weak.

Source: Investment House
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Re: JPY 03 (Dec 16 - Dec 19)

Postby winston » Mon Apr 09, 2018 9:52 am

USD/JPY: 106.939 versus 107.11.

Dollar bounced starting late March with the tariff talk, and last week it broke over the 50 day MA's, testing the move Friday.

Source: Investment House
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Re: JPY 03 (Dec 16 - Dec 19)

Postby winston » Mon Apr 16, 2018 1:33 pm

Three Reasons Why Yen Bears Could Get Some Cheer by Next Friday

The summit between Prime Minister Shinzo Abe and U.S. President Donald Trump, running April 17-18. Key here is the extent to which Trump pushes for trade talks with Japan. If Japan avoids going down the path toward a bilateral free trade agreement, there should be less possibility of pressure from the U.S. against currency depreciation.


The BOJ’s semiannual Financial System Report comes April 19. This is the first one since Governor Haruhiko Kuroda in November raised the theory that excessively low interest rates could be counterproductive, by harming the banking industry -- comments that excited yen bulls, and bond traders. A clean bill-of-health for the banks in this report will lower the risk of BOJ policy tweaks, Goto says.


April 27 monetary-policy decision. Taking for granted there’ll be no shift in policy, the focus here is on updated BOJ economic projections, including new ones for the 2020 fiscal year. Less-optimistic -- and in all probability more realistic -- forecasts for inflation would show the BOJ continuing to miss its 2 percent target.


Source: Bloomberg

https://finance.yahoo.com/news/three-re ... 31689.html
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