USD-JPY Despite the Bank of Japan's (BoJ) negative rates, the Japanese yen keeps getting stronger. The USD/JPY pair has not moved; neither has inflation. On February 9, the Tokyo Stock Exchange fell sharply, losing some 5.4% of its value. The Nikkei ...
This is because big business in Japan will not invest in extra production without the assurance that the yen will be low for at least the rest of the business cycle, which they hope could be another five years.
ASIAN CURRENCY FOREXWORDS The Japanese yen saw significant gains as traders continue to flock to safe havens. Against the US dollar the yen gained 63 points to trade at 112.22 and against the euro at 127.22 gaining 78 points.
British Pound tumbled against the Japanese Yen recently, as a ride for safe haven continues. Selling rallies remain a best option, as there is a major bearish trend line formed on the 4-hours chart of the GBPJPY pair.
The Nikkei 225 slid 1.32%, as traders eyed a stronger yen, considered a negative in export-oriented Japan. The yen has been rising against the U.S. dollar on growing speculation that the U.S. Federal Reserve will limit or even forego rate hikes in 2016.