VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4] ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 01:05:11 08/08/12 Wed
Author: Charisse Bartoli
Subject: Yen powers back against the dollar

After falling back yesterday, the Japanese yen is once again the currency of choice for investors as risk taking takes a back seat. The USD/JPY has swung back lower, down 0.28%. The yen's strength is exaggerating downwards moves on other yen pairs, particularly the GBP/JPY which is down 0.53% as the Bank of England prepares to downgrade its UK growth forecasts.


The dollar pairs also have a negative bias, with the NZD/USD and GBP/USD the standout losers so far today. Gold is also struggling, with the precious metal down by around 0.28%.

This morning, the Bank of England are expected to downgrade their UK growth forecasts while they release the latest inflation report at the same time. German industrial production is released at 11.00with a drop to 0.8% expected. There is a German 10 year bond auction running throughout the day. In the afternoon we have US preliminary non farm productivity and unit labour costs at 13.30.

The USD/JPY has recently been trading in a fairly consistent pattern of an up day followed by a down day. Looking back further, this has been a familiar trait for the pair when it is between trending periods. There may be a limit to the downside thanks to the watchful Bank of Japan, but there may still be some value in a bearish trade today.

A good way to play this on BetOnMarkets.com might be a TOUCH trade predicting that the USD/JPY TOUCHES 77.90 in 2 days time for as potential return of 132%.

Get this trade now, go to: http://goo.gl/VXQIG

[ Next Thread | Previous Thread | Next Message | Previous Message ]
[ Contact Forum Admin ]

Forum timezone: GMT-8
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.