USD/JPY Levels/orders for today

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Tilting my head back and looking way up the ladder … its a bit sparse up there ahead of the election.

84.05/15 holds significant highs

84.00 initial signs of barriers being established, not huge.

83.50 talk of barriers in place (maybe just through to the end of the week, though?)

83.25/30 hold offers today. There is talk of big stops around now that we have broken 83.00 … if so they are remarkably patient, aren’t they? Hmmm

On the downside there are bids ahead of 83.00 and stretching down to 82.85/90.

USd/JOY still has bids around, but they are being filled in on strength. USD/JPY a stand-out under-performer last night.

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.


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Eamonn Sheridan

One Comment

  1. Awesome trade. I’ve been short the Yen v. USD for a couple months now. Finally, running away in my direction. Patience has finally paid off!! Woot !!!
    Sure was frustrating for awhile.


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