JPY strength
Sep 12, 2013 at 22:26
Vistas 468
3 Replies
Miembro desde Aug 13, 2013
posts 1
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.
Miembro desde Nov 21, 2011
posts 1718
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.
Miembro desde Sep 25, 2013
posts 24
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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