Grassroots Currency Speculation

The Japanese Yen is a currency pair I plan to follow in the next 24 hours as I look to see whether it makes some moves that can lead to a high probability outlook for its path. The news that will be coming out about 30 minutes after NY close is Unemployment rate, BOJ Outlook report, BOJ Policy rate, and Monetary Policy Statement. BOJ Core CPI comes out 4 hours after Unemployment Rate. Right now the CadJpy looks interesting but it is still early. Now this might not be the ideal pair to trade  based on my strategy but since the news is coming out we will see if things come together enough to give the price a push. So as it looks right now we would be looking for the CadJpy to weaken if relatively good data comes out for Japan. We will be also looking at ChfJpy. On the flip side if weak data comes out we could take a look at AudJpy and NzdJpy. It all depends on how Jpy is doing at the time of news.

The U.S. dollar strengthens against the Kiwi today as the United States is contemplating reopening the United States. No word yet how far President Donald Trump is willing to go to get the United States back open again. If he opens it too early then he risks the Coronavirus gaining a foothold which puts the United States back towards social distancing measures. If he waits too long then some businesses might not make it out of the economic slump caused by the Coronavirus. it seems like the forex market is betting in the short term that he will get the United States going earlier then was at first expected. President Trump also faces a campaign against challenger Joe Biden that is shaping up to be focused on how the Coronavirus and the economy is evaluated. There is also the threat that reopening poses to the African American community which has been hit hard by the Coronavirus. The Japanese Yen gained strength over night against the New Zealand currency in what looks like a safe have...

The British Pound and the Japanese Yen are both beating the dollar in early trading in the New York session. The Japanese Yen had taken a bit of a back seat to the dollar last week but it looks like it is recovering some of those losses. Forex trading is more volatile since Coronavirus but it could be getting back to more stable trading soon.

The British Pound made gains over night as it looks to get an edge on the Japanese Yen. The GbpJpy had been heading down for four weeks straight up until March 18th when the Central Bankers started making policy changes.

The Australian Dollar made big moves up against the Japanese Yen over night. The Reserve Bank Of Australia and the Federal Reserve opened a swap arrangement a few days ago. The movement of the AudJpy was not that smooth so it might have been difficult to catch this move with a tight stop loss.

The United States Dollar made gains against the Japanese Yen today in the forex market. The trading was a little choppy but if you have a fairly large risk appetite you could have hung in there to make some profit on the Dollar rising against the Japanese Yen.

The British Pound and the Canadian dollar both made gains against the Japanese Yen in currency trading during the Last 24 hours. The forex market is currently in the London Session with the New York Session starting now. The Bank Of England announced supervisory and prudential policy measures .

AudJpy went against the eight day trend and started to rise in the last 24 hours. This comes as Reserve Bank Of Australia announced an interest rate cut . They also announced a package of financial measures to combat the economic effects of the Coronavirus outbreak. Most of movement occurred during London Session. NzdJpy also reversed course and headed upward.

President Trump has been coming on television almost daily as he tries to reassure the American public that the Coronavirus dilemma can be minimized efficiently. The GbpUsd has gone down again during the London Session and Asian Session . It could stay that way for the New York Session. The Japanese Yen is retaining its safe haven status at a lower level than the Dollar since the Federal reserve lowered interest rates. Chf is also performing well. UsdCad is also going up.

The British Pound weakened against the Dollar as the Federal Reserve recently lowered interest rates. The Japanese Yen also remained relatively strong against the Aud. Canadian dollar also remained relatively strong. This was during Asian and London Session. So the dollar is performing a little better as a safe haven than the Japanese yen.

The AudJpy went lower as the Japanese currency strengthened over night during the Asian and London Session. The Australian currency is the gateway currency for the West into the Asian markets.

The NzdJpy, CadJpy, and UsdJpy all strengthened over night as fears of an economic down turn subsided a little. The UsdJpy made gains on the Japanese Yen as the U.S. tries to rebound from the Dollar seeing weakness in the last couple weaks.

Over night the GbpUsd currency pair continued to weaken as America rolled out an economic stimulus plan to combat the Coronavirus fall out. The Japanese Yen held on to its strength over night despite the Usd remaining strong.

New Zealand's currency gained against the Yen over night as Coronavirus economic stimulus packages have been talked about. The New Zealand Dollar had been falling for the past eight days before this against the Japanese Yen.

The Dollar gained against the Japanese Yen over night as the Trump administration is rolling out an economic plan to deal with Coronavirus and its influence on the economy. The Dollar gained strength over all major currencies over night.

The Canadian Dollar and the U.S. Dollar have been losing strength to Japan as Coronavirus concerns set in. The Japanese have been maintaining their status as a safe haven through out most of the last two weeks. GbpJpy has also fallen for the last 3 weeks.

The EurUsd spiked up today as the Federal Reserve cuts interest rates by 50 points in the first emergency move since the Financial Crisis. UsdJpy is currently moving downward as the Japanese Yen has regain some of its safe haven status. The ChfJpy also has moved down. JpyChf is really taking off.

The British pound and the Japanese Yen are in a heated battle as the Coronavirus takes center stage. The Japanese Yen has retained a good bit of its Safe haven status over this period drawing in buyers. Effective interest rates is to be published March 2, 2020 at 9:30 . Gbpchf has also been going down for four days. GbpJpy has been going down for the last four days. On Monday the BOE will give the forex market something to think about. GbpJpy GbpChf Safe Haven Coronavirus

China has a big problem on their hands and if they do not cooperate with the rest of the world it might cost extra lives as countries race for a vaccine. Not long after the Coronavirus outbreak Chinese scientists loaded the genetic sequence for the virus to a public database. You have to commend them for that. A company by the name of Moderna is using a technique called rapid response platforms to develop the vaccine. Moderna was up 20% today on Nasdaq trading. China Vaccine Coronavirus The Japanese currency JPY has remained strong for the last week.