{"id":11018,"date":"2010-07-12T07:53:14","date_gmt":"2010-07-12T11:53:14","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11018"},"modified":"2010-07-12T07:53:14","modified_gmt":"2010-07-12T11:53:14","slug":"jpy-dives-on-kans-defeat-in-japanese-election","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/12\/jpy-dives-on-kans-defeat-in-japanese-election\/","title":{"rendered":"JPY Dives on Kan\u2019s Defeat in Japanese Election"},"content":{"rendered":"<p><strong>By Greg Holden <\/strong>&#8211; Headline news this weekend has been the defeat of the ruling party in  Japan in recent elections. The USD\/JPY and EUR\/JPY pairs both slipped  to fresh highs as a result. Whether or not the yen will continue to fall  is yet to be determined.<\/p>\n<p>In other news, commodity prices have  appeared to stabilize somewhat. Crude Oil has risen above $76 a barrel  once more, but price movements appear steady and stable. Even though the  price of Gold broke through its long-term bullish channel, the precious  metal remains in a bullish posture heading into the start of this week.<\/p>\n<p><em>Today\u2019s leading news events:<\/em><\/p>\n<p><strong>08:30 GMT: GBP \u2013 Final GDP q\/q<\/strong><\/p>\n<p>&#8211; Britain is due to release its final gross domestic product (GDP)  figure for the second quarter later this morning. Should we see an  increase in growth it could mean the latest austerity budget is having  an impact. However, the forecast is set to show no increase from the  previous quarter. If growth is higher, the GBP may see bullishness, and  vice versa if the reading disappoints.<\/p>\n<p><strong>14:00 GMT: USD \u2013 Fed Chairman Ben Bernanke Speaks<\/strong><\/p>\n<p>&#8211; US Federal Reserve Board Chairman Ben Bernanke is due to speak at  the Financing Needs of Small Business Forum in Washington D.C. today.  The topic of his speech is going to be \u201cRestoring the Flow of Credit to  Small Business\u201d and should create volatility in the USD market as his  comments tend to influence trader speculation. Hawkish statements about  increasing investment and boosting the flow of credit should help add  momentum to the greenback against its currency rivals.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                           Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                           may not be suitable for all investors. There  is  a              possibility      that     you   could sustain a loss  of  all   of    your         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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; Headline news this weekend has been the defeat of the ruling party in Japan in recent elections. The USD\/JPY and EUR\/JPY pairs both slipped to fresh highs as a result. Whether or not the yen will continue to fall is yet to be determined. In other news, commodity prices have appeared &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/12\/jpy-dives-on-kans-defeat-in-japanese-election\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JPY Dives on Kan\u2019s Defeat in Japanese Election&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11018","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11018"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11018\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}