JPY strength

thaitrader

Aug 13, 2013からメンバー 1 投稿

Sep 12, 2013 at 22:26

Aug 13, 2013からメンバー 1 投稿

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

Nov 21, 2011からメンバー 1601 投稿

Sep 12, 2013 at 23:54

Nov 21, 2011からメンバー 1601 投稿

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

Wolfgang

Sep 24, 2013からメンバー 36 投稿

Sep 24, 2013 at 11:09

Sep 24, 2013からメンバー 36 投稿

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

Sep 25, 2013からメンバー 23 投稿

Sep 25, 2013 at 12:42

Sep 25, 2013からメンバー 23 投稿

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	1.13061	GBPUSD	1.33217	AUDUSD	0.64454
USDJPY	143.884	USDCAD	1.38432	USDCHF	0.82462

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