Excerpt from: Forex Forecast
|
 |
| March 08, 2010 | | Will the yen appreciate in March? | For some reason, many forex traders believe that March is, seasonally, a good month for the Japanese yen against the U.S. dollar. The main reason is that March is at key point in the business year for Japan -- in which repatriation takes place.
However, GFT's Kathy Lien points out in FX360 that there is no evidence for a regular Japanese yen boost in March:
Contrary to popular belief, there is no seasonal trading pattern in USD/JPY 
during the month of March over the last 10 years. As indicated in the
following chart, the Yen appreciated against the dollar only 5 out of
the past 10 years, or 50 percent of the time.
| Topic Tags: forex traders, forex trading forecast, FX360, GFT, Japanese yen, Kathy Lien, March seasonals | |
|
|
