More Than A Number

Currency expert Kathy Lien postulates that the USD/JPY may go as low as 87 in February due to weak fundamentals in the U.S. and a generally dour global economic outlook. When volatility is high, Lien notes, investors tend to seek out the safety of the Yen. However, she also argues that historical patterns of lower volatility during the month could keep the currency pair stable as it has done in the past 30 years. With the grim economic news coming out of Japan, the yen could find resistance this month and begin to reverse its winning streak (in January, the yen was the only major currency to gain—0.91%–against the USD). If you’ve got a hunch about this pair, create a live trading account on the 24FX.com forex platform today. If you’re not quite ready for a standard account, you can also open a mini forex account or demo trade for a few months while competing for prizes.