{"id":17660,"date":"2021-04-08T07:36:11","date_gmt":"2021-04-08T05:36:11","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=17660\/"},"modified":"2021-04-08T07:36:11","modified_gmt":"2021-04-08T05:36:11","slug":"what-is-happening-to-the-japanese-yen","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/what-is-happening-to-the-japanese-yen\/","title":{"rendered":"What is happening to the Japanese yen?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 1740,69
\n(+0,17%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1876
\n(+0,05%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 33390,50
\n(+0,45%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 59,435
\n(-2,76%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a015224,50
\n(+0,29%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

We haven’t talked about the currency of the country of the rising sun for a long time. Why not? Nothing interesting happened in the dollar\/yen pair last year. However, for the fourth month of this year, the yen is pleasing traders with strong directional moves.<\/p>\n


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

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

What have we written about repeatedly in the past year? The dollar\/yen pair has been in a tight corridor for a long time. The bears tried to break through the 100 level. But they did not succeed.
\nWith the start of 2021 the American dollar began to rise sharply against other currencies. Added to this was the rise in stock markets. And the expectation that the coronavirus epidemic will soon be over.
\nWhen does the Japanese yen rise? Only when investors sell off assets and go into shelter currencies. Right now the situation is exactly the opposite. Against that background the Yen has fallen 9-figures against the USD, breaking through the strong resistance of 110. Naturally, the big players took off their stops behind this level.
\nThere was no one to buy the pair further and it has been showing weak dynamics for 5 trading sessions in a row. Now comes the moment of truth for the Japanese currency. And it depends on the US stock market.
\nIf it enters a correction phase, traders will exploit the following simple trading idea. Short from the current level with a close stop above 110 Yen per $1. The risk\/reward ratio in this case is huge.
\nAnd what if stock markets around the world continue to rise? We advise our traders to open a monthly chart of the dollar\/yen pair. On the large timeframe we can see that the price is ready to break through the downward corridor that has been forming since 2016. After a strong upward exit, the yen could fall quite quickly to the US$115 level.
\nOne thing is certain. The Japanese currency is showing high volatility this year. Once again it becomes interesting for both medium and short-term traders.<\/p>\n

08.00 German factory orders for February
\n14.30 Initial jobless claims in the US<\/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 1740,69 (+0,17%) EURUSD\u00a0 \u00a01,1876 (+0,05%) DJIA\u00a0 33390,50 (+0,45%) OIL.WTI\u00a0 59,435 (-2,76%) DAX\u00a0 \u00a015224,50 (+0,29%) We haven’t talked about the currency of the country of the rising sun for a…<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nWhat is happening to the Japanese yen? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"We haven't talked about the currency of the country of the rising sun for a long time.\" \/>\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-is-happening-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 is happening to the Japanese yen? 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