Amidst continued concerns over Japan's fate in the wake of their largest earthquake in almost a hundred years and the JPY is seeing a huge amount of movement. The need to call your Forex broker when trading this currency is an absolute must due to the volatility in the market regarding this currency. In particular the JPY has seen a large amount of turbulence against the USD, this is due not only to the Japanese natural disasters, but also the actions of both the BOJ and the Fed. Both Japan's and the US' central bank have decided to bring about another round of quantitative easing that has wet the palettes of investors.

Riding the JPY right now however can be very dangerous and you should keep your phone close by to call your Forex broker long before the margin call comes down. The USD/JPY pair is anything but steady and you will find yourself buying and selling quite often in an attempt to keep up with the highs and lows. This is definitely not a pair in which you should be making a long trade. Do yourself a favor and stay glued to your monitor because this pair is going to move very, very fast over the next 7 days.

The impact of quantitative easing has not even come close to being fully realized yet but once it has been the USD/JPY will be even more volatile. The US' involvement with the Libyan Civil War could bring about a rise in investor fear where the USD is concerned. Once these conditions are realized it would be a good idea to call your Forex broker before support breaks like a glass dropped off a skyscraper. If you are going to trade this pair do not look for a lot of pips, instead look for short gains and quick flips (from buy to sell) to stay ahead of the curve.