Forex Market Perspective: USDJPY

USDJPY as of FEB 14, 2012

The BOJ's announcement of increasing its Long term JGB & asset purchases by Y10T;have made the Yen prices well offered in today's forex trading sessions. This has led the USDJPY to move higher while yen value declines due to the move to increase QE measures. This is certainly BOJ's a strategy of staying as competitive as exporters suffer from a stronger yen at these levels. Although, risk negative; the Yen has maintained its gradual decline instead of a rapid intervention which everyone one has been so used to having at a certain price levels where the BOJ intends to come in. This way BOJ have found an indirect strategy that would benefit them more which obviously have been learned from the QE initiatives by the US to help boost the economy. The long term consolidation period would lead to breaking through its trading range between 79.00 - 75.50 levels, once an aggressive stance and the effectiveness of this monetary easing by Japan would continue to see the under performing price levels of the Yen in no time. Pls. visit our website for a perspective outlook and analysis for the AUDUSD, EURO, EURGBP & EURJPY CROSS rates at http://megatrade101.com/megatrade101/market-snap-shot