Japanese Yen: fact we should know - Page 3
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Thread: Japanese Yen: fact we should know

  1. #21
    Forex trade with various currencies of different countries . We need to select a pair of currency to trade .Now a days Japanese yen (JPY) one of the most popular and largely traded currency pairs. I like USD/JPY and EUR/JPY most because these pairs have low spreads and also provide good liquidity to the traders . So it is helpful to make a good amount of profit .

  2. #22
    Yen pairs are very volatile and I strongly recommend that newbie trader should not trade on Japanese yen until they get good in other popular currencies pairs Because Japanese Yen can move soo fast sooo much in few mins or even seconds...!

  3. #23
    I think the work with the Japaneses yen is very risky but it is a good for the beginner but with a low volume to can make a good profit because it is very active currency pairs and the small traders well work in trend and right decision to can generate a capital

  4. #24
    Quote Originally Posted by mohamed reda View Post
    trading with USD/JPY may be so risky for any trader right now the price is go bad you may predict the price in a direction but in fact the price will move any where so it may be risky to trade with this pair in my opinion i lost many trades by trading with this pair only so i do not prefer to trade with this pair ever .
    no man i think trading in any pair in Forex business is risk , because Forex is risky business so i think in all ways we should have strategy and also in all ways we have the keys to control in the market because the choice is always with us ...
    and about USD/JPY i think that pair is the best pair now you only need any indicator , personally i used moving average and it give to me the good results ..

  5. #25
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    I have being following some reaction of some countries bond with the market when they are bought or sold for sometimes now, It baffles me that it does not really affects the currency of the country during this operations, The worse, it will react less than 10 pips, and i have being noticing this for long, it is undervalued with FX, Does it means that it does not really having impact of the economy of the country or something?

  6. #26
    Japanese currency pair is one of the most volatile currency pairs like for example GBP/JPY, EUR/JPY which has market movement of more than 150+ pips per day most of the times. One can take the advantage of the market movement for making pips is along the right direction of the market.

  7. #27
    Quote Originally Posted by ashvini View Post
    Japanese currency pair is one of the most volatile currency pairs like for example GBP/JPY, EUR/JPY which has market movement of more than 150+ pips per day most of the times. One can take the advantage of the market movement for making pips is along the right direction of the market.
    well, that's because the difference between them is quite big so the pair will move even more volatile. plus, now the politic in the country i mean in the Japan has gone quite brutal. they might suddenly weaken the currency or make it stronger.

  8. #28
    Quote Originally Posted by sekiryutei View Post
    well, that's because the difference between them is quite big so the pair will move even more volatile. plus, now the politic in the country i mean in the Japan has gone quite brutal. they might suddenly weaken the currency or make it stronger.
    True, this huge volatility is the plus point for the traders that by being along the right direction of the market movement, there are all possibilities that the trader could be making some good amount of money by trading in such highly volatile currency pairs to their advantage.

  9. #29
    Quote Originally Posted by topman View Post
    Almost everyday yen make a huge movements on the market place. As we can see eur/jpy which have more than 100 pips at generally. Especially in tokyo and london session this pair is more volatile then other. Personally, this is one of my favorite pairs to trade everyday.
    japan sure is putting a lot of efforts lately, this currency was known for its brutality, but somehow the last 10 years has shut it down. however because of the currencies war between countries nowadays, and the debt of japan has grown big due to the last disaster, they dont have many choice than to enter the currencies war, its like fight for life or die trying.

  10. #30
    Well, for now i think they didn't move as volatile as before anymore. Since the rival for them in business i mean the China has dropped down. I quess we will see more volatility when they two bring out some politic war again such as the land dispute before and they will be doing some inflation war. Funny but scary for the forex market.

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