Yen price change?

I cannot find any news on why the Yen had a little upside on Friday 6th approx 1.45p.m GMT or 8.45a.m ET?

USD/YEN moved 115.70 to 114.50
EUR/YEN moved 140.50 to 139

Any light on this slight move would be greatly appreciated.

I understand why the CAD fell against the YEN but not the USD and EUR?

Many Thanks

Ripe Banana

i dont know of any news either. i think a few big traders just read my journal thread

Non Farm Payrolls. Happens first Friday of every month. Usualy has a big impact on the market. If you look it was all majors that jumped not just the Yen. All the days news releases are posted on the main page and color coded for the possiable effect on the market.

You must have some really good tips in there. I better start reading your thread.

i was going to say this at first, but there is something else going on because the yen appriciated against every currency, not just the dollar.

That what I was suggesting. The was no change in the non-payroll on Friday. I find it diffucult to find any news related to these sort price adjustments.

I have streaming news through my broker which is updated on all markets every second. There was absolutely nothing anywhere connecting the Yen.

Could it possibly be the BOJ influencing the Yen who knows?

Feel like a mushroom

Thanks for you view Merlin, Norbecker

could be rumors too. everyone is watching the BOJ closely, to see if they will come off that zero interest rate policy. thats the hot topic of the moment.

I read that the US stock market broke even in 2005 and that Japan (and others) finished with over 30% gains.
http://www.iht.com/articles/2006/01/...global.php?rss
Maybe investors moving their money into Japan??????

Or there was a confluence of solar activity coinciding with the new moon and no one could come up with a good reason not too.

Very odd that it would happen right after NFP.

This is not true, the US markets didn't end flat....The S&P 500 ended the year up about 5% (Not too much compared to the gains of the Japan index, the Nikkei 225, but still a gain of 5%)....

The Nasdaq ended the year up around another 5%, and the DJ ended up %1.6 (This might considered be flat)...

Now look at the markets today, no look at them since the year start...Breaking up, and doing good...The picture is still strong for the US equities...


Thanks,

Nader

you could be right on that one...

hell yeah its strong! i jumped on board a few days ago with s&p and nq futures.