{"id":14385,"date":"2010-10-23T06:33:33","date_gmt":"2010-10-23T10:33:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14385"},"modified":"2010-10-23T06:33:33","modified_gmt":"2010-10-23T10:33:33","slug":"bank-of-japans-intervention-proves-successful-yen-drops-against-majors-in-forex","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/23\/bank-of-japans-intervention-proves-successful-yen-drops-against-majors-in-forex\/","title":{"rendered":"Bank Of Japan&#8217;s Intervention Proves Successful, Yen Drops Against Majors In Forex"},"content":{"rendered":"<p><strong>By James McKee<\/strong><\/p>\n<p>The Japanese Yen has begun to slide against other major currencies,  which signals some headway being made by the Bank Of Japan regarding  devaluing the Yen so inflation does not hurt their export revenues.  Considering that Japan is an almost exclusively exporting country their  economy would suffer more than many nations would if inflation takes  hold of the island nation. Due to inflation that has already occurred  Japan has shut down many factories due to decreased demand for their  goods, and in turn unemployment and poverty in Japan have risen  exponentially. The homeless population in Japan has also exploded  prompting the construction of shelters to house Japanese citizens who  find themselves falling on hard times.<\/p>\n<p>The Bank Of Japan has lowered its interest rates as close to zero as it  ever has, and only a week later does it take any sort of effect. This is  ominous for Japan because there are no more cards left to play where  their central bank is concerned. The United States who has always been  an ally of Japan is far too busy with their own financial turmoil to aid  the country as it slumps further and further into quagmire which no one  can see the end of.<\/p>\n<p>While the Yen has dropped slightly today a correction is certainly in  the works for the near future. I would avoid pairing the Yen with the  USD due to the USD&#8217;s extremely volatile nature as of late. The AUD still  has some steam in it from the recent increases in the value of gold,  considering Australia is the world&#8217;s third largest producer of gold it  is a logical connection to make that the AUD will be rising in the short  term. Considering that the value of gold is going nowhere but up since  the world&#8217;s economies are going through the floor the AUD is definitely  one to pair with the JPY due to its imminent correction. Stay vigilant  and be critical of any data coming in that contradicts your instincts,  happy trading!<\/p>\n<h3>About the Author<\/h3>\n<p>Author is a Forex trader and financial analyst residing in  Denver, Colorado. To stay up to date on all the latest developments in  the financial world and beyond be sure to check out the <strong><a href=\"http:\/\/forex.tradingcharts.com\/foreign_exchange_rates\/\">forex exchange rates<\/a><\/strong> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese Yen has begun to slide against other major currencies, which signals some headway being made by the Bank Of Japan regarding devaluing the Yen so inflation does not hurt their export revenues. Considering that Japan is an almost exclusively<\/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-14385","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14385","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=14385"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14385\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}