Talk of decent sell orders lined up ahead of 83.00

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No surprise.

Talk of Japanese exporter sell orders 82.95/00.

Talk of circa two yards of dollars on the offer in that area.

We’re at 82.88 having been as high as 82.94.

UPDATE:  $2 bln (yards) sounds like an awful lot, and indeed it is.   But one should remember some very large amounts can be traded at important junctures in this pairing.  Still probably enough though for a little stall ;)

 

3 Comments

  1. considering how US names have been aggressively buying usdjpy this morning, dont ya think they know something we dont about FOMC today?

  2. Hi Gerry . Hi Pete. We will easily see the 83.00 barrier USD/JPY pop today. Just make sure to play homer once it hits your target of 83.30 Gerry..

  3. @majimaji ..U bet they do…all USD neg …so bail while U can

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