Japanese Yen Exchange Rate Forecasts

by Jon Beddell Foreign Currency Market Update – GBP / JPY Update No move by the Bank of England at last Thursday’s meeting. This was already factored into the market, and the meeting minutes are released next Wednesday. Economic statistics have been relatively benign, with decent manufacturing data and further confirmation of an easing in [...]

by Jon Beddell Foreign Currency Market Update – Japanese Yen Update Sterling has been making good headway against the “safe haven” currencies as investors start to look toward an election outcome. Any outcome! The uncertainty surrounding the May vote has been a drag on sentiment for some time now, and with the announcement of an [...]

by Jon Beddell Foreign Currency Market Update – Sterling / Yen Sterling fell from 142.00 to 136.00 last week, and promptly lost another three Yen when things got nasty yesterday. Not a good start to the week! A weekend poll showing a high probability of a hung parliament set the scene for a wobbly week, [...]

Market Update – GBP / JPY Despite sterling’s recent strength against most other currencies, it has declined against the Yen in January as concerns over possible monetary tightening in China help to drive investors away from higher risk currencies. Investors who had sold Yen and US dollars in exchange for “high yielders” are now reversing [...]

Market Update – GBP JPY The Yen rallied strongly towards the end of November as the stock market correction sent investors scurrying in search of safe havens. The Yen and US dollar were the main beneficiaries of this reallocation. As stock markets recovered and went on to make new highs it was therefore fairly predictable [...]

Market Update – GBP JPY Last Wednesday’s quarterly inflation report put sterling on the back foot, sending it lower against all the major currencies. It wasn’t so much the data that hurt, since we already knew that inflation had declined to just 1.1% in September. Gloomy comments by governor Mervyn King kept markets guessing over [...]

Market Update – GBP JPY Long Term: Last year’s financial market turmoil saw two currencies benefit. The US Dollar and the Yen. The dollar because it has always been regarded as a “safe haven” in difficult times, and the Yen because so many traders had borrowed the currency at low interest rates and sold it [...]

Market Update – GBP JPY Sterling plunged this morning, spooked by a series of negative news reports and comments from Bank of England governor Mervyn King saying that sterling weakness was “helpful” in rebalancing the UK economy. We have been hinting at the BoE’s implicit approval of sterling’s slide for the last few weeks, and [...]

Market Update – GBP JPY Sterling jumped against most currencies today after the Bank of England left interest rates unchanged at 0.5% and made no further increases to the quantitative easing programme. However, the gains have been more muted against a generally strong Yen which breached a key level against the dollar on Thursday, drawing [...]