The Greater Fool approach to forecasting the foreign exchange value of the Japanese yen
suggests the currency is likely to continue to increase, because the price has increased so sharply in recent months--and the Japanese trade surplus has been increasing.
Sanryou Estate Kabushiki Kaisha (1) Head office: 16-11, Ogikubo 5-chome, Suginami-ku, Tokyo, Japan (2) Liquidator: Toshiaki Shioda (3) Capital: Japanese yen
50 million (4) Business:
Chart (Color) Bouncing back The dollar, which was in retreat against the Japanese yen
a year ago, is on the rise, climbing to two-year high.
Without immediately apparent remedies for these problems, market Participants anticipated a renewed ascent in the Japanese yen
For a short while, however, the focus of market attention was the Japanese yen
, a currency against which the dollar continued to decline in early January.
monetary authorities sold a total of $1,780 million--$1,580 million against Japanese yen
and $200 million against German marks.
monetary authorities sold a total of $5,871 million between August and early October, of which $3,289 million was against Japanese yen
and $2,582 million was against German marks.
The dollar closed the period approximately 3 percent higher against the Japanese yen
and 1-1/4 percent higher against the British pound, while it was about 3/4 percent lower against the German mark and 1/4 percent lower against the Canadian dollar.
Range Bound, but Rising Liquidity Could Force Breaks Fundamental Forecast for Japanese Yen
: Bullish - Japanese industrial production rose 1.
On balance, the dollar rose 1/4 percent against the German mark and Canadian dollar, 2 1/4 percent against the Japanese yen
, 4 percent against the British pound, and 5 percent against the Swiss franc.
BTM), following the increase of the program size from 800 billion Japanese yen
to 1 trillion Japanese yen
Euro / Japanese Yen
Since the double top occured in June at 139.