JPY strength

thaitrader

会员从Aug 13, 2013开始 1帖子

Sep 12, 2013 at 22:26

会员从Aug 13, 2013开始 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

会员从Nov 21, 2011开始 1601帖子

Sep 12, 2013 at 23:54

会员从Nov 21, 2011开始 1601帖子

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

Wolfgang

会员从Sep 24, 2013开始 36帖子

Sep 24, 2013 at 11:09

会员从Sep 24, 2013开始 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

会员从Sep 25, 2013开始 23帖子

Sep 25, 2013 at 12:42

会员从Sep 25, 2013开始 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	1.1346	GBPUSD	1.33467	AUDUSD	0.6485
USDJPY	143.099	USDCAD	1.37916	USDCHF	0.82539

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