I am just re-reading a report from major Japanese bank that I first mentioned two weeks ago. There are due to be some heavy Toshin maturities (these are the vehicles that allow Japanese retail investors to invest in overseas securities) … Continue reading
EUR/JPY and AUD/JPY are both mildly higher. With regional bourses holding their own and now less than 1% lower, many traders are thinking this might be a dip ather than the beginning of a big sell-off. Looks like we got … Continue reading
The FX market will be watching the Nikkei and Kospi closely when they open in a little under an hour. The almost 3% falls on Wall Street and in the oil price was reminiscent of the bad old days last … Continue reading
There does not appear to be any fundamentally strong reason for being long JPY, apart from as a risk aversion play. The market is coming around to this way of thinking. USD/JPY still sees very strong bids at 94.75/95.25. Selling … Continue reading
This is against an expected rise of 0.2%, so consumers remain wary. This is backed up by earlier data which showed that sales of new homes in Australia have fallen by 5.7%.
JPY crosses are holding their gains but USD/JPY has run into some decent sized offers around 96.25. EUR/JPY has seen most the buying according to interbank dealers. Solid selling in the AUD/USD around .8110 is frustrating AUD/JPY bulls for the … Continue reading
AUDUSD is holding at its lows for now. It may do some work down here between 20-40 before the next direction is determined. We have the 100 hour MA coming in at 7987 so any dip under 80c will be … Continue reading
The glass is half full this morning and regional equity markets are higher. HK is expected to open almost 1.5% higher and the Nikkei and Kospi are up over 0.5%. The JPY crosses remain well supported and USD/JPY is approaching … Continue reading
Equity markets in Tokyo and Seoul are expected to open slightly higher after yesterdays’ sharp falls. The only possible effect on currency markets is if the risk aversion trades from yesterday get unwound but this has probably already happened.
Dealers say that profit-taking in AUD/JPY is responsible for this mornings dip. USD/JPY is down 15 pips to 95.10. Jamie referred to dealer-talk in NY of very strong bids at 94.75 and I am hearing of good interest to buy … Continue reading