JPY strength

thaitrader

會員從Aug 13, 2013開始 1帖子

Sep 12, 2013 at 22:26

會員從Aug 13, 2013開始 1帖子

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.

CrazyTrader

會員從Nov 21, 2011開始 1601帖子

Sep 12, 2013 at 23:54

會員從Nov 21, 2011開始 1601帖子

It is an error to look for reasons to describe a move as the forex market is not rational itself.

Wolfgang

會員從Sep 24, 2013開始 36帖子

Sep 24, 2013 at 11:09

會員從Sep 24, 2013開始 36帖子

Well, there could be some explanations. For example the economic reports from Japan are very optimistic. They show the potential growth of Japanese economy for 5-7%. Which pretty good for developed countries.

Remind_later

會員從Sep 25, 2013開始 23帖子

Sep 25, 2013 at 12:42

會員從Sep 25, 2013開始 23帖子

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.

EURUSD	1.13385	GBPUSD	1.33408	AUDUSD	0.64802
USDJPY	143.184	USDCAD	1.37955	USDCHF	0.82588

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