JPY/ETH - Live Converters & Chart

Japanese Yen (JPY) outlook

The yen was the star performer in the weeks leading up to this report (May-17), with appreciation driven by a flight to safety following a serious escalation in the US-China trade war. The benchmark yen rate, USD/JPY, was down in the mid-109s, having been as high as 112.4 in late April. Relatively speaking, against their April highs, other yen rates had fallen even more (NZD/JPY was down from 76 to 71.6).

In May, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

Read the full article Japanese Yen Forecasts.

Etherium (ETH) outlook

2018 was the year that the cryptocurrency dream came crashing down. The bubble that many had suspected was building in 2017 was realised and ethereum went on to lose roughly 80 percent of its value. Ethereum ended the year at $136, having battled with major obstacles including regulatory crackdowns and social media advertising bans.

In the first 2 ½ months of 2019, ethereum at least held its value, trading between $100 and $170.

In 2019, on balance, press was still mostly negative on cryptocurrencies. This press included the bankruptcy in February of Canada’s largest crypto exchange, QuadrigaCX, and March’s decision by the CBOE (a major US derivatives exchange) to ditch bitcoin futures contracts amid declining interest.

Because the release of the CBOE’s futures contracts coincided with the crypto market top in December ’17–January ’18, superstitious folk said in March they were anticipating the emergence of a new bull market.

An Investment Week expert said in February that ethereum predictions were now “pointless.”

The JPY/ETH mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the JPY / ETH was traded (bought or sold) in the international markets.