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US Dollar JPY Against Japanese Yen To Avoid Risk Yen Favored By The Market

2014/5/4 20:55:00 18

(P) (May 2nd) in New York, the US dollar fell against the yen and the highest price hit 103.01 in the three week period, and then dropped rapidly from the high level. It is now trading near 102.31. Good US nonfarm data boosted the US dollar against the yen, but the tense situation in Ukraine made the risk aversion yen again popular in the market. < a href= "//www.sjfzxm.com/news/index_c.asp" > US dollar < /a > against Japanese yen. 
"P > New York intraday, the situation in Ukraine is heating up again. The Ugandan President Turchynov said that the Ukrainian government attacked Sloviansk of slavyansk in the eastern Ukrainian city, and many pro Russian opponents were killed, injured or arrested. The government of Ukraine has launched a full-scale battle against slavyansk. 
(P) the Russian troops on the Ukraine border have also begun to take action. 2 Ukrainian military helicopters were shot down by a missile and a pilot was captured. With the tension in Ukraine, the yen shows its good hedging attribute. Investors have bought yen to hedge. 
Less than p days, the United States released beautiful non-agricultural data, which once raised the US dollar against the yen. In addition, two other US economic data factory orders and the ISM New York Fed's manufacturing index data were less than expected, weakening the good effect of non-agricultural data to the market. 
 > a href= "//www.sjfzxm.com/news/index_c.asp" > Japan < /a >, Japan released the unemployment rate data in March, and the data were flat. Specific data show that Japan's unemployment rate in March was 3.6%, 3.6%. 
 for the recent market speculation that it will be more relaxed after Japan's a href= "//www.sjfzxm.com/news/index_c.asp" > consumption tax < /a >. Japan's Chief Cabinet Secretary Kan Yi Wei said that the impact of the increase in consumption tax was within the government's estimate, and that the employment market in Japan improved. Morgan Stanley, an investment bank, points out that it is now very far away from the Bank of Japan [micro-blog] to relax monetary policy. 
At the same time, HSBC also postponed further easing expectations of the Bank of Japan (P). Under the benchmark situation, the Bank of Japan will increase its easing in April 2015, which was expected to be the third quarter of 2014. 
In P, the price of the US dollar against Japanese yen is down. Technical indicators MACD (12, 26, 9) main line and signal line located near the zero axis, indicating that price trends are all oscillatory. The relative strength index RSI (14) falls rapidly from the high level to the zero axis, indicating that the price dynamics are empty and there is still downside risk in the near future.