{"id":63975,"date":"2014-11-20T02:33:55","date_gmt":"2014-11-20T07:33:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=63975"},"modified":"2014-11-20T06:10:43","modified_gmt":"2014-11-20T11:10:43","slug":"yen-weakens-to-new-lows","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/yen-weakens-to-new-lows\/","title":{"rendered":"Yen weakens to new lows"},"content":{"rendered":"<div id=\"inves-273647015\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 20, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The yen tumbled versus major currencies in Asia Thursday, hitting a fresh seven-year low against the dollar as investors remain keen to sell off the Japanese currency following extra easing by the Bank of Japan late last month.<\/p>\n<p>The greenback surged to \u00a5118.64, busting past \u00a5118.54, its highest since August 2007. It topped Wednesday\u2019s high of \u00a5118.09 set in New York. The euro climbed to \u00a5 148.70, a high not seen since October 2008.<\/p>\n<p>\u201cThe \u00a5120 level is now in sight, with no major resistance points in view up to that level,\u201d said Takahiro Iizuka, a treasury department trader at Mizuho Trust &amp; Banking.<\/p>\n<p>\u201cThe latest BOJ easing and robust U.S. economy are among the primary reasons for the uptrend,\u201d he added.<\/p>\n<p>Mr. Iizuka characterized the recent one-way moves as a situation where there are many players that have missed out on opportunities to buy dollars amid the hasty rallies and that strong dip-buying has inhibited any big falls.<\/p><div id=\"inves-4071242936\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Traders are also keeping in mind a strengthening correlation between the yen\u2019s weakness and a rise in Tokyo share prices.<\/p>\n<p>They say overseas investors have been apparently engaging in a combination of \u201ca sell-yen and buy-stock\u201d strategy ahead of a lower house election expected on Dec. 14 following Tuesday\u2019s decision by Prime Minister Shinzo Abe to put off a hike in sales tax.<\/p>\n<p>The euro is also likely to continue its upward march against the yen even after it rose 7% from \u00a5138 at the end of last month following the BOJ\u2019s easing, said Yunosuke Ikeda, head of FX strategy at Nomura Securities.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The yen tumbled versus major currencies in Asia Thursday, hitting a fresh seven-year low against the dollar as investors remain keen to sell off the Japanese currency following extra easing by the Bank of Japan late last month. The greenback surged to \u00a5118.64, busting past \u00a5118.54, its highest since August 2007. It [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-63975","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=63975"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}