EUR/USD slips through 1.2600, USD/JPY through 84.00
The flight to safety continues to strengthen. Bond yields continue to fall as do stocks and commodity prices while the dollar, JPY and CHF all strengthen.
The flight to safety continues to strengthen. Bond yields continue to fall as do stocks and commodity prices while the dollar, JPY and CHF all strengthen.
6 Responses to “EUR/USD slips through 1.2600, USD/JPY through 84.00”
I guess we will see now how strong the bid are below 1.2600.
Hi Jamie,
With market sooo one sided and testing BoJ’s resolve, do we expect a sharp and steep short covering rally in USDJPY and EURJPY?
thanks
PS : in Australia, Coalition is on its way to form govt. More from news.com.au
http://www.news.com.au/features/federal-election/abbott-promises-new-politics-waits-for-greens-call/story-e6frfllr-1225909392803
Looks like the pumps just kicked in trying to keep the Eur above 1.26 and the USD/JPY above 84.
Dow may go under 10,000 today! PreMarket:
Dow -111.00 / -1.09%
Level 10,046.00
Puks, there will be some natural nervousness among specs to hold shorts for fear of intervention but there are “natural” sellers into rallies. Corporate Japan is underhedged and they will sell into any strength…If the BOJ actually intervenes, they will wait for the fireworks to die down, then sell…
Thanks Jamie.
For some reason I have a feeling that BoJ, for a change this time, will intervene and catch everybody off-guard; especially now that market has sensed that they wont intervene in near future.