Blog Details

Status of USD/YEN until October 8, 2017

This post is also available in: fr

FREE REGISTRATION 

Register now to get the daily TradeAlert newsletter and other high-value posts in a timely manner in your inbox for free.

You can cancel your risk-free registration at anytime.
Status of USD/YEN

The other major Forex index is the US Dollar against Japanese Yen (USD/JPY). Comments related to EUR/USD also apply to USD/JPY. Figure 17.26 shows a monthly chart of USD/JPY from 1975 to October 2017.


         Figure 17.26      Charts courtesy of netdania.com

On the chart, we see that USD has been substantially depreciating against JPY from 1975 to 1995. This trend was mainly the consequence of removing the USD gold backing by the Fed. After that, USD/JPY was practically trending sideway from 2008 to 2012. Mr. Abe became the prime minister of Japan in 2012 to pursue a policy called Abenomics through aggressive QE programs to depreciate JPY against the dollar. By depreciating JPY, he wants to promote the Japan’s exporting sector and to import inflation. The up-trending wave from October 2012 to mid-2015 is partly the result of BoJ QE programs, and partly because of the rate hike anticipation by the Fed.

Become your own financial adviser and trade based on your own independent trend predictions and trading strategy - 
not on untrustworthy, unreliable, and costly external advice.
In Money Printing Strategy, we highly value and respect our customers' trust that we shall not betray in any way, and take pride in our honesty and integrity. We believe that these values form not only the foundation of trustworthy relationships but  are also essential prerequisites for long term successful business, especially in the sensitive fields of wealth management, trend prediction, finances, investing, and trading.
Download the Money Printing Strategy book in PDF Now!
Order the Money Printing Strategy book Now!
Subscribe to TradeAlert newsletter Now
Money Printing Strategy supports actively the Afghan children and women in need of education and health. When purchasing product or services, $1 of the price will be donated to a Charity foundation which spends over 90% of the funds directly in helping the Afghan children and women in Afghanistan.

They deserve your help! Your donations will be transferred to the charity foundation directly.
Terms And Conditions of Products & Services
Please follow and like us:
20