The week begins, and we have our first two big losers. Both the pound (here) and the yen (here) are gapping lower in early currency trading. What's going on? In the U.K., this is a reaction to the downgrade. And in Japan, this is a result of the …
USD/JPY moved sideways yesterday near the resistance at 99.74 (07/05/2009 high, see also psychological resistance at 100). Hourly supports can be found at 98.30 and 97.19. USD/JPY has validated a long-term bullish trend reversal …
The Japanese government is planning around JPY 12 trillion in stimulus spending for the economy in the fiscal year 2012, reports said Monday. Out of the total planned spending, around JPY 2.6 trillion will be used to fund pension scheme, …