Top
New York  London  GMT  Tokyo  Sydney 
Browse > Home / All, Asia / Equity markets -2.75%, JPY crosses turn lower

Equity markets -2.75%, JPY crosses turn lower

By   || February 5, 2010 at 01:23 GMT
|| 4 comments || Add comment

With the profit taking now out of the way for most of the JPY crosses, the negative sentiment has returned and the JPY crosses have recommenced their falls, led by EUR/JPY. This cross has fallen 70 pips from a session high at 123.20. More volatility inside a wide 120/124.50 range can be expected.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon
Category: All, Asia
Tags: ,

Add a comment

4 Responses to “Equity markets -2.75%, JPY crosses turn lower”

  1. Albert on February 5th, 2010 01:31 GMT

    hi Sean,
    how’s your EURAUD position doing? and how do you view the prospects of it?

  2. Tajul Akbar Bin Ismail on February 5th, 2010 01:36 GMT

    And here I thought we will have a quiet session until NFP, which what usually happens on NFP day … was I wrong ;-)

  3. Sean Lee on February 5th, 2010 01:36 GMT

    Hi Albert. Did well on the AUD/USD leg and have started booking profits there. Am still long small EUR/USD from a fair bit higher so feeling a little uncertain there.

  4. Sean Lee on February 5th, 2010 01:37 GMT

    Re prospects Albert. I think AUD/USD will settle into .8550/.8800 consolidation and I’m hoping the EUR/USD bounces (though it looks pretty sick at the moment)

Bottom