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JPY strength
Sep 12, 2013 at 22:26
588 Views
3 Replies
Member Since Aug 13, 2013
1 posts
Sep 12, 2013 at 22:26
Can someone tell me why the JPY is strengthening against other currencies such as the EUR, USD and GBP. I have searched for economic data and news stories but cannot find anything.
Member Since Nov 21, 2011
1601 posts
Sep 12, 2013 at 23:54
It is an error to look for reasons to describe a move as the forex market is not rational itself.
Member Since Sep 25, 2013
23 posts
Sep 25, 2013 at 12:42
CrazyTrader posted:
It is an error to look for reasons to describe a move as the forex market is not rational itself.
True. Even if there are any reasons, they don't really matters, since the currency price is formed mainly by the supply demand ratio. Imagine the situation, when Japanese economy suddenly rose for 100% in one day, but nobody new about that. The price for JPY won't change until everybody realize that it is good time to buy.
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