{"id":16319,"date":"2013-02-10T17:19:15","date_gmt":"2013-02-11T01:19:15","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=16319"},"modified":"2013-02-10T17:19:15","modified_gmt":"2013-02-11T01:19:15","slug":"amari-hits-pause-on-yen","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2013\/02\/10\/amari-hits-pause-on-yen\/","title":{"rendered":"Amari Hits the Pause Button on the Yen"},"content":{"rendered":"

This is an excerpt from an article I originally published on Seeking Alpha on January 15, 2013. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

The Japanese yen (FXY) experienced a quick plunge after Akira Amari, Japanese economic and fiscal policy minister, expressed concern about the yen getting too weak. According to The Japan Times Online<\/a>, Amari stated on television that he thinks USD\/JPY at 89 is a “fairly good level” and triple digits would be excessive. Amari is apparently concerned that at some point soon the negative impact of higher import prices, like for fuel, will outweigh the benefits to exporters of the weaker yen. <\/p>\n

Amari’s assessment hit the pause button on the yen. {snip}<\/p>\n


\n
\"Weekly<\/a>
Weekly chart demonstrates the steepness of the current run-up. Is a pullback finally at hand tanks to Amari?<\/figcaption><\/figure>
\n<\/center><\/p>\n

{snip} Ultimately, Amari has given the market a “free range” from around 89 to 99 on USD\/JPY although most analyst price targets I have seen peg USD\/JPY around 90 for the year.<\/p>\n


\n
\"A<\/a>
A daily close-up of a near unstoppable rally <\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

Be careful out there!<\/p>\n

This is an excerpt from an article I originally published on Seeking Alpha on January 15, 2013. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: long USD\/JPY<\/p>\n","protected":false},"excerpt":{"rendered":"

This is an excerpt from an article I originally published on Seeking Alpha on January 15, 2013. Click here to read the entire piece.) The Japanese yen (FXY) experienced a quick plunge after Akira Amari, Japanese economic and fiscal policy minister, expressed concern about the yen getting too weak. According to The Japan Times Online, … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[20,204],"tags":[513,138,533,454],"class_list":["post-16319","post","type-post","status-publish","format-standard","hentry","category-forex","category-japan","tag-fxy","tag-japanese-yen","tag-rydex-currencyshares-japanese-yen-trust-etf","tag-usdjpy"],"yoast_head":"\nAmari Hits the Pause Button on the Yen - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/02\/10\/amari-hits-pause-on-yen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amari Hits the Pause Button on the Yen - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"This is an excerpt from an article I originally published on Seeking Alpha on January 15, 2013. 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