EUR/JPY eases back now Fixing is done

View Comments

This is how it usually works, and please try not to be too shocked if you hear of banks trying to manipulate the market :)

  • Corporates put in their orders for transactions to be filled at the Fixing rate
  • Banks collate these orders and let’s say there is a net interest to buy EUR/JPY at the fixing rate
  • They obviously want to sell to their customers at the highest possible price so they try to drive the market higher into the Fix
  • As soon as the Fixing is over, the energy falls out of the market and it pops back to where it was before

That’s why I could never understand why corporates traded in this manner, but some are presumably tied by their inhouse rules and have to trade at the Fixing rate.


All|Asia Pacific

Sean Lee


  1. Banks. Doncha just love ‘em.

  2. Sean, Mr Van Rompuy was re-elected as president of the European Council. The markets will rejoice!! I can imagine the excitement in Europe when they read the news about it. Expect the euro to rise very sharply to every currency! Do you share this view?

  3. As always, Thank you so much for this info. It really helps for the new traders to understand these fine points.

  4. Sean, Thanks for this gem of an information.This is what makes ForexLive so

  5. Well it prevents the corporations from having rogue traders. but then the bank
    use alittle finesse to execute the orders which at time can be lumpy and put them at risk. Unless you are the trader who for two decades does this type of business
    and is well paid until you get passed up for management position so you turn the bank in to authorities in order to get one more big pay day.

  6. Thanks for this info Sean. BTW, do you mind sharing where you get your rate fix info from?

  7. Eurotired, in these parts the word “rejoice” is used in jest.

  8. Thanks a zillion Sean, it answer question that keep ringing in my head for weeks.

  9. Sean can u please tell me the fix times for all the majors . GMT please. Much appreciated.

  10. Andre 09:50 Tokyo time for their fix and look in Forex Jargon for others


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.