AUTOREFRESH 
No comments on currency levels, daily moves. Will watch currency markets closely – MOF’s Sugimoto
By Gerry Davies || July 9, 2009 at 08:15 GMT
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MOF’s Sugimoto says has no comment on currency levels, daily moves, but will watch currency markets closely.
In that case he’ll be seeing USD/JPY tripping higher, presently at 93.45. Next technical resistances now at 93.50/55, 93.80/85 and 94.00.
Source earlier mentioned sell orders lined up at 93.60, which are so far capping the rally. But one wonders for how long.
Mornin´ Gerry…what an afternoon/night lays behind us! 5 and more big-fig moves down on the JPY crosses and now 50% retracements and more, yeah, wow, uh… Being close to a heart attack when I got hit on my limits at 149 in GBP/JPY and 92 in USD/JPY I am now feeling much better obviously…but man, it was tough ; )
Hearing of over USD 1bln 93.20″s due to roll off Monday in USD/JPY, so if we hold around current levels, that could mean fun next week…
Hi saferanger, yes spoke to jamie during the hiatus yesterday. yes hearing same re usd/jpy option interest monday.
Hi saferanger, yes spoke to jamie during the hiatus yesterday. yes hearing same re usd/jpy option interest monday.
Should say excellent post! Can’t wait to seeing the next one!