Our Forex Trading signals increasingly forecast that the Japanese Yen will gain against the Euro, US Dollar, Australian Dollar, and Swiss Franc. This is a clear shift from just days ago, when our buy/sell signals actually sold the Japanese Yen, and it seems that a shift in sentiment in broader financial markets may be enough to force JPY rallies. Increased uncertainty surrounding the US Treasury’s bailout of mortgage and credit markets has sent the Dow Jones Industrials lower, and fragile market conditions may indeed continue to boost the low-yielding Yen against higher-yielding counterparts.
Keep track of these Japanese Yen trading signals and others on our Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates, as our automated forex signals can and do change on a daily and intraday basis.
For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.
