Future of the Foreign Exchange Market, Episode 97 [Tomotaro Tajima]
Tomotaro Tajima Profile
Economic analyst. CEO of Alfinauts. Born in 1964 in Tokyo. After graduating from Keio University, he shifted from Mitsubishi UFJ Securities to a new path, having previously worked there. He analyzes and researches a wide range from finance and the economy in general to strategic corporate management, and ultimately personal asset formation and fund management. He serves as a lecturer at lectures, seminars, and training programs hosted by private companies, financial institutions, newspapers, local governments, and various business associations, with about 150 lectures per year. He has contributed to numerous print media columns and quotes, such as Weekly Gendai “Rules of Internet Trading” and Examinina “Money Maestro Training Course.” He has written for many websites on stock and foreign exchange columns and is highly regarded as a stock and FX strategist. He has also written for Home Economics section of the “Basic Knowledge of Modern Terms” from Jiyu Kokuminsha. He has appeared regularly on television (TV Asahi “Yajuuma Plus,” BS Asahi “Sunday Online”) and radio (MBS “Tsurujin’s Asa-ichi Radio”), and is currently a regular commentator on Nikkei CNBC “Market Wrap” and Daiwa Securities Information TV “Economy Marche.” His main DVDs include “Very Easy to Understand: Tomotaro Tajima’s FX Intro” and “Very Easy to Understand: Tomotaro Tajima’s FX Practical Technical Analysis.” His major books include “Wealth Revision Manual” (Paru Publishing), “FX Chart: The Formula for Profit” (Alchemix), “Why Can FX Make You Asset Rich?” (Texts), and many others. His latest publication is “How to Profit by Riding the Rising U.S. Economy.”
Are Japanese Institutional Investors Cutting U.S. Treasuries?
As of writing (late February 2018), there is still no sense that the trend of dollar weakness and yen appreciation since the start of the year has clearly reversed in the foreign exchange market.
However, it is also a fact that the strong downward trend of USD/JPY that began in early February temporarily settled around mid-February. In fact, USD/JPY briefly fell to as low as 105.55 yen on February 16, but then found a bottom there and, by the time of writing, has tested around 108 yen several times. Why did USD/JPY show a near-term bottoming and rebound?
