{"id":13063,"date":"2010-09-15T07:37:51","date_gmt":"2010-09-15T11:37:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13063"},"modified":"2010-09-15T07:37:51","modified_gmt":"2010-09-15T11:37:51","slug":"japan-intervenes-in-the-fx-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/15\/japan-intervenes-in-the-fx-market\/","title":{"rendered":"Japan Intervenes in the FX Market"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The  Japanese Yen experienced one of its most bullish trading days in recent  weeks on Tuesday against the USD. The USD\/JPY fell as low as 82.97, its  lowest level since mid-1995, after Japan\u2019s prime minister won a ruling  party leadership vote, reducing the chances Japanese authorities would  attempt to stem yen gains. But overnight the Bank of Japan intervened in  the FX market to weaken the yen.<\/p>\n<p>Another developing trend is the recovery  of Gold. Since the Dollar began dropping against the majors, gold has  risen further and further. Currently traded around $1268 an ounce, if  the Dollar will continue to drop, gold could reach $1280 an ounce by the  end of the day.<\/p>\n<p><strong>Today\u2019s Leading Indicators<\/strong><\/p>\n<p>14:30 GMT: US Crude Oil Inventories<br \/>\n\u2022\tCrude oil\u2019s plunging price has been a headline feature of the market  in recent weeks. This release may take precedence over the market as the  price of oil has gained relevance to today\u2019s trading.<br \/>\n\u2022\tA growing level of inventories may signal a lack of demand and push  prices lower, while a negative release may highlight a lack in supplies,  increased industrial usage, and an overall demand for more oil, which  may help oil prices climb back towards $80 a barrel in the short-term.<\/p>\n<p>21:00 GMT: NZD Official Cash Rate<br \/>\n\u2022\tForecast shows that the number is expected to stay at 3.00%.<br \/>\n\u2022\tTherefore, the Impact of the interest rate decision may in fact strengthen the NZD in the longer run.<br \/>\n\u2022\tTraders should focus their attention on this release, as it is  expected to be the highlight of the week for New Zealand markets.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 Anton Eljwizat &#8211; The Japanese Yen experienced one of its most bullish trading days in recent weeks on Tuesday against the USD. The USD\/JPY fell as low as 82.97, its lowest level since mid-1995, after Japan\u2019s prime minister won a ruling party leadership vote, reducing the chances Japanese authorities would attempt to stem yen &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/15\/japan-intervenes-in-the-fx-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Japan Intervenes in the FX Market&#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-13063","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13063","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=13063"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13063\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}