{"id":17065,"date":"2020-11-09T07:31:09","date_gmt":"2020-11-09T06:31:09","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17065\/"},"modified":"2020-11-09T07:31:09","modified_gmt":"2020-11-09T06:31:09","slug":"what-will-happen-to-the-japanese-yen","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/","title":{"rendered":"What will happen to the Japanese yen?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1960,825
\n(+0,53%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1886
\n(+0,11%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 28551,50
\n(+1,20%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 38,13
\n(+1,95%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a012481,65
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

The weak dollar has a very negative impact on the Japanese economy. The Japanese yen continues to strengthen and the usd\/jpy pair reached its lowest level in 4 years. We saw these values in March during the market crash, but it only lasted a couple of days. Then the Japanese currency started weakening again.<\/p>\n

USD\/JPY<\/strong><\/p>\n

\"USDJPY\"<\/p>\n


\nWhat should the Bank of Japan do?<\/strong><\/p>\n

The regulator is already printing yen, hoping to support the country’s export-oriented economy. And then a new problem is that the yen is at its 4-year high, which makes Japanese goods less competitive in the global market.
\nThe level of 100 yen per dollar is considered critical and it is already very close. Close to it, the probability of currency interventions by the Bank of Japan will increase dramatically. Yes, we remember the times when currency interventions started from 80 yen to 1 US dollar. But now the situation has changed a lot.
\nDifferent night surprises may be awaiting usd\/jpy in the near future.
\nWhat could become a movement trigger in the near future? The most important statistical data will be released in a week. We will know Japan’s GDP volume for the 3rd quarter of this year. If the figures turn out to be worse than expected again, the Japanese yen could rise sharply, which would force the Bank of Japan to intervene.<\/p>\n


\nWhat can speculators bet on?<\/strong><\/p>\n

A good trading idea is to buy a dollar\/yen pair in a range of 100-100.5 with stops below 100 yen for 1 US dollar. If the stops are not knocked down, there are 2 options. Or an intervention by the Bank of Japan and a quick profit taking. Or the market itself will turn from the most important level 100 and go up. In this case, it is possible to leave the longs for a medium-term period.<\/p>\n


\nWhat awaits us today?<\/strong><\/p>\n

07.45 Unemployment rate in Switzerland for October
\n08.00 Trade balance in Germany for September
\n11.35 Address by Bailey, Head of the Bank of England<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 1960,825 (+0,53%) EURUSD\u00a0 \u00a01,1886 (+0,11%) DJIA\u00a0 28551,50 (+1,20%) OIL.WTI\u00a0 38,13 (+1,95%) DAX\u00a0 \u00a012481,65 (+0,01%) The weak dollar has a very negative impact on the Japanese economy. The Japanese yen…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nWhat will happen to the Japanese yen? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"The weak dollar has a very negative impact on the Japanese economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What will happen to the Japanese yen? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"The weak dollar has a very negative impact on the Japanese economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-09T06:31:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wordpress Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wordpress Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"What will happen to the Japanese yen?\",\"datePublished\":\"2020-11-09T06:31:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/\"},\"wordCount\":530,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/what-will-happen-to-the-japanese-yen\/\",\"name\":\"What will happen to the Japanese yen? 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