JPY strength
Sep 12, 2013 at 22:26
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3 Replies
会员从Aug 13, 2013开始
1帖子
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.
会员从Nov 21, 2011开始
1718帖子
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.
会员从Sep 25, 2013开始
24帖子
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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