USD/JPY Fundamental Analysis October 2, 2012, Forecast
Add a comment
Fundamental Reports
To learn more click here
Without any major Japanese or U.S.economic reports on Tuesday, the USD/JPY is going to be subject to demand for safety or demand for risk. Monday’s strong U.S. PMI manufacturing report encouraged greater demand for higher risk assets so traders bought the Dollar/Yen Forex pair. Mid-session comments from Fed Chairman Ben Bernanke also supported the equity markets, putting greater pressure on the Japanese Yen to the benefit of the U.S. Dollar.
The strength in the equity markets suggests that this bullish bias is going to continue on Tuesday. Additionally, the Japanese Yen is trading close to an area that attracts the wrath of the Bank of Japan so it is susceptible to an intervention. This action would also trigger a surge in the USD/JPY.
EUR/USD Mid-Session Analysis for June 19, 2013
EUR/USD Forecast June 19, 2013, Technical Analysis
10-Yr U.S. Treasury Notes (TY) Futures Analysis – June...
Gold Forecast June 19, 2013, Technical Analysis
James A. Hyerczyk has worked as a fundamental and technical financial market analyst since 1982. His technical work features the pattern, price and time analysis techniques of W.D. Gann.
View all of FX Empire Analyst - James Hyerczyk's Articles
