Reason for JPY to go bear? One part is the injection of 800B from Buffet triggering the selling off of Yen. Another is what i got in bloomberg news. Look like JPY will remain weak from sometime unless some really big event or news come out again. We shall see then. Happy Trading. ![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
Yen Falls as Gain in U.S. Retail Sales Signals Continued Growth
By Bo Nielsen and Ye Xie
Feb. 13 (Bloomberg) -- The yen fell to a one-month low against the dollar after U.S. retail sales unexpectedly rose last month, allaying concern that the world's biggest economy will slide into a recession and hurt global growth.
Japan's currency dropped against 14 of the 16 most-active currencies as U.S. stock-index futures rose, signaling traders are more confident to bet on higher-yielding assets funded by loans in Japan, in a strategy known as the carry trade.
``There has been an overstatement of the U.S. slowdown,'' said Brian Taylor, chief currency trader at Manufacturers & Traders Trust in Buffalo, New York. ``That makes any good news about the economy equity-positive and carry-trade positive and that weakens the yen.''
The yen weakened to 108.15 per dollar at 9:17 a.m. in New York, from 107.31 late yesterday. It touched 108.22, the weakest since Jan. 15. The yen dropped to 157.54 per euro, from 156.50. The dollar advanced to $1.4565 per euro from $1.4584.
Retail sales rose 0.3 percent in January, after declining 0.4 percent the previous month, the Commerce Department said. The median forecast in a Bloomberg News survey was for a decline of 0.3 percent.
Standard & Poor's 500 index futures rose, indicating shares will climb at the start of trading.
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
Yen Falls as Gain in U.S. Retail Sales Signals Continued Growth
By Bo Nielsen and Ye Xie
Feb. 13 (Bloomberg) -- The yen fell to a one-month low against the dollar after U.S. retail sales unexpectedly rose last month, allaying concern that the world's biggest economy will slide into a recession and hurt global growth.
Japan's currency dropped against 14 of the 16 most-active currencies as U.S. stock-index futures rose, signaling traders are more confident to bet on higher-yielding assets funded by loans in Japan, in a strategy known as the carry trade.
``There has been an overstatement of the U.S. slowdown,'' said Brian Taylor, chief currency trader at Manufacturers & Traders Trust in Buffalo, New York. ``That makes any good news about the economy equity-positive and carry-trade positive and that weakens the yen.''
The yen weakened to 108.15 per dollar at 9:17 a.m. in New York, from 107.31 late yesterday. It touched 108.22, the weakest since Jan. 15. The yen dropped to 157.54 per euro, from 156.50. The dollar advanced to $1.4565 per euro from $1.4584.
Retail sales rose 0.3 percent in January, after declining 0.4 percent the previous month, the Commerce Department said. The median forecast in a Bloomberg News survey was for a decline of 0.3 percent.
Standard & Poor's 500 index futures rose, indicating shares will climb at the start of trading.
Monthly Profit & Lost :-
May - +85 pips