{"id":13086,"date":"2010-09-16T08:30:44","date_gmt":"2010-09-16T12:30:44","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13086"},"modified":"2010-09-16T08:30:44","modified_gmt":"2010-09-16T12:30:44","slug":"will-japans-intervention-weaken-the-yen-further","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/16\/will-japans-intervention-weaken-the-yen-further\/","title":{"rendered":"Will Japan\u2019s Intervention Weaken the Yen Further?"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; Yesterday, the most fascinating economic development was clearly  Japan\u2019s move to devalue the yen. The Japanese leadership saw the yen  reaching a 15-year high against the U.S. dollar and understood that  severe actions must be taken to halt this bullish trend. The concern was  that the strong yen will create critical damage to the country\u2019s export  industry, and as a result negatively impact the entire economy. As a  result, the yen saw irregular trading, and lost about 3% of its value in  a single trading day. This has provided unusual opportunities to create  large short-term profits. Today, if news of continued intervention  arrives, the bearish trend is likely to continue.<\/p>\n<p>In addition, here are today\u2019s leading economic releases:<\/p>\n<p>\u2022\t12:00 GMT, Swiss Libor Rate \u2013 The Libor Rate is the Swiss interest  rates announcement for the next month. Analysts expect that the Swiss  National Bank (SNB) will leave rates at 0.25%. If the SNB will surprise  and deicide to hike rates, the CHF may be boosted as a result.<\/p>\n<p>\u2022\t12:30 GMT, US Unemployment Claims \u2013 This report measures the number  of individuals who filed for unemployment insurance for the first time  during the past week. If the end result will reach below 400,000 it is  likely to boost confidence in the global economic recovery. This would  likely boost risk-appetite, and as a result weaken the dollar which is  considered to be a safe haven asset.<\/p>\n<p>\u2022\t13:00 GMT, US Long-Term Purchases \u2013 The report measures the level  of foreign investment in US long-term securities, as opposed to local  investment. If the end result will beat expectations for 37.9B, the  dollar may weaken as a result.<\/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 Yan Petters &#8211; Yesterday, the most fascinating economic development was clearly Japan\u2019s move to devalue the yen. The Japanese leadership saw the yen reaching a 15-year high against the U.S. dollar and understood that severe actions must be taken to halt this bullish trend. The concern was that the strong yen will create critical &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/16\/will-japans-intervention-weaken-the-yen-further\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Will Japan\u2019s Intervention Weaken the Yen Further?&#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-13086","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13086","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=13086"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13086\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}