- Japanese Yen News|Yen Quote|Japanese - Forex
- JPY (Japanese Yen) - Latest News, Analysis and Forex
- Japanese Candlestick Patterns - Forex Trading Tutorial
That said, the relative stability of the yen has made it a backup reserve currency for many countries. While Japan has very high debt levels, traders tend to be more comfortable with Japan's debt balance, as so much of it is domestically owned. Moreover, traders often balance the high debt level of Japan with its high trade surplus , though the devaluation of the dollar and the "safe haven" status of the yen has led to a stronger yen that threatens the very trade surplus that makes the yen attractive.
Japanese Yen News|Yen Quote|Japanese - Forex
The Japanese Yen is the third most commonly traded currency in the world after the US Dollar and the Euro. The Japanese Yen is the national currency for the nation of Japan, which has the third largest national economy in terms of Nominal GDP. Japan is a unique economy, with large manufacture and export of automobiles and electronic goods. The nation is usually considered one of the most innovative in the world, and with the recent rise of Chinese and South Korean manufacturing Japan has begun to focus on high-tech and precision goods.
JPY (Japanese Yen) - Latest News, Analysis and Forex
Japan's trade balance also impacts BOJ policy and forex rates. Japan has large trade surpluses, but very large public debt and an aging population. A large percentage of that debt is held domestically, though, and Japanese investors seem willing to accept low rates of returns.
Japanese Candlestick Patterns - Forex Trading Tutorial
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Additional Analysis: The long term trend is UP. The short term trend looks a little toppy. The fact that the last two bars of SlowK are down and we are trading in a very high area of the stochastic is a little bearish short term. A possible short term down move may occur.
The Bottom Line
Currency rates are notoriously difficult to predict, and most models seldom work for more than brief periods of time. While economics-based models are seldom useful to short-term traders, economic conditions do shape long-term trends. Japan's strong trade surplus will likely maintain the country's position as a relative safe haven for some time to come, but the aging workforce, persistently low consumer and business confidence, as well as the rising significance of China as an economic rival, do threaten that position.
Additional Analysis: The long term trend, based on a 95 bar moving average, is up. Further, a rising ADX indicates that the current trend is healthy and should remain intact. Look for the current uptrend to continue.
The yen is the signature currency for Asia it is one of the top most frequently traded currencies in the world, and a significant reserve currency for many Asian countries. While the significance of the yen could be at risk if the Chinese yuan becomes more liquid, that would likely be a multi-year process.
With this convenient tool you can review market history and analyze rate trends for any currency pair. All charts are interactive, use mid-market rates, and are available for up to a 65 year time period. To see a currency chart, select your two currencies, choose a time frame, and click to view.