Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Dollar at 14 year low against Yen

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USD Yen Charts(3 Years)
Source :Metatrader
 
Forex trading Pair USDYEN had today made a intraday low of 86.30 which marks
the 14 year low of dollar against yen
 
Few Reasons why yen is appreciating : Extracted from Wiki Answers
 
1) Unwinding of Carry trade (all liquidity leads to Japan right now); remember japan has the lowest interest rate in the whole world (only 30 basis points) therefore everyone seeks a loan in Yen when it is repaid you see a strong yen

2) Right now speculators view Yen as a safe currency hence a lot of specluative buying can be witnessed

3) Japnese are withdrawing their investments from other countries, bringing it back to Japan

4) IMF/world bank have extended loan to some countries in Euro/Dollars

5) Rate cut in Eurpoe and US is also a factor in depreciation of these currencies against yen

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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