Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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