FXstreet.com

Market Opinion

This report has been deactivated

1

1

U.S. Dollar advances vs. Yen.

Thu, Mar 5 2009, 04:54 GMT
by James Whyte

ForexAmericas


Markets for March 5, 2009 by James Whyte   

In the news: March- 4 Today the U.S. Markets rallied on speculation China will expand efforts to increase growth and U.S. lawmakers will reach an agreement on a plan to stem foreclosures. The S&P 500 rebounded from multi-year lows and some of the Chinese stock markets jumped the most in four months. Treasuries fell, as equity markets moved higher. The Dollar gained versus the Japanese Yen, but did not do well versus other majors, as the uptrend in stocks curved the demand for safe-haven assets. Crude oil jumped $3.53 as crude inventories fell 0.7m barrels, ending the day at $45.17.

USD/JPY-The Dollar continues to gain versus the Japanese Yen as the equity markets rebound from multi-year lows, on the back of a Chinese reassurance to increase efforts to boost growth. The Usd gained 0.48 pips versus the Yen and touching an intra day high of 99.47. We should continue to see the Usd/Jpy heading higher with its next target 100.50/60 highs of November 4th, 2008.

yen


Archive

ForexAmericas  | 5141 Cheryl Drive Huntington Beach, CA 92649
http://www.forexamericas.com/ | info@forexamericas.com

Legal disclaimer and risk disclosure

Any opinions, news, research, analyses, prices, or other information contained on this website or in our newsletters is provided as general market commentary, and does not necessarily constitute investment advice. The ForexAmericas, JW Corp., its affiliates and agents will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Related reports

Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT

Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT

Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT

The Daily Currency Analysis - TraderPlanet Daily Currency Analysis by TraderPlanet.com, LLC
Fri, Nov 20 2009, 14:10 GMT

FX View - Trichet comments spur risk aversion rally by Interactive Brokers LLC
Fri, Nov 20 2009, 13:24 GMT

usdjpy

View All

Related content

Forex: USD/JPY retreats to 88.85 after hitting intra-day high at 89.15
FXstreet.com | Fri, Nov 20 2009, 17:43 GMT

Forex: USD/JPY rises to 89.13, fresh intra-day high
FXstreet.com | Fri, Nov 20 2009, 15:02 GMT

Forex: USD/JPY tests MA55 hourly at 89.05
FXstreet.com | Fri, Nov 20 2009, 12:55 GMT

European Morning Wrap Up; USD, JPY firm
Forex Live | Fri, Nov 20 2009, 11:59 GMT

UPDATE:Asian Shares End Mostly Lower; Tech Follows US Downturn
Dow Jones | Fri, Nov 20 2009, 11:20 GMT

usdjpy

View All

Interested in forex trading? forex brokerage firms!


FX Solutions LLC
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account
MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account
Alpari (UK) Limited
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.