Top
New York  London  GMT  Tokyo  Sydney 

JPY crosses under heavy pressure

By   || February 25, 2010 at 16:08 GMT
|| 0 comments || Add comment

The JPY crosses are under heavy pressure in the wake of the 16:00 GMT fixing. USD/JPY was sold heavily at the fix and GBP/JPY sure looks like a victim as well.

88.55 is crucial support for USD/JPY amid chatter of a barrier option at the 88.50 level. We trade now at 88.87. Cable trades at session lows of 1.5235 with GBP/JPY at 135.40.

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

Add a comment

Comments are closed.

Bottom