The Nikkei has followed the strong lead from Friday night and is over 1.5% higher in early trade. EUR/JPY buying is dragging the EUR/USD higher, currently at 1.3650 after closing in NY at 1.3615.
3 Responses to “Nikkei +1.5%, EUR/USD looking strong”
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AUTOREFRESH 
Actually Sean
seems like I am full of comments this morning, what will be fascinating now, is if Japan does intervene then they will become quite the holder of USD, along with China. Given that china is trying to cool things off a little. I wonder how all this plays out for the USA.
Simon
Good point Simon, best we wait for them to fill their boots up again and then sell into rallies. I think the market is certainly jumping the gun a bit but with the EUR/JPY and GBP/JPY market caught short, maybe that’s the bigger story and the ‘war chest’ is just the catalyst to start the short covering
great point about GJ and EJ, its never boring i suppose
as u say play the fringes wait for the daily confirmation that we have reached the fringe.
Thanks for your thoughts Sean