July 14th, 2009 02:36:32 GMT

AUDUSD: Intraday views

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Some good confidence numbers sent the AUDUSD higher earlier but was unable to crack thru 7850. Look for support at 7790-00 with offers 7840-50. If we can get above 7860 then we may see it towards 79c, but until then play … Continue reading

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July 13th, 2009 22:24:20 GMT

Don’t forget the Toshin maturities

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Toshins are investment vehicles which allow Japanese retail clients to invest in overseas securities. Investment houses package large amounts of investors together, often totalling billions of dollars worth. Early last week there were some new Toshin launches which were incredibly … Continue reading

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July 13th, 2009 00:01:06 GMT

Lots of profit taking in EUR/JPY

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I’m hearing that some of the bigger EUR/JPY sellers of the last week or so are booking profits and heading for the exit. One dealer I just spoke with sees the cross at 131.00/50 later today. AUD/JPY is also seeing … Continue reading

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July 10th, 2009 00:44:15 GMT

Yen cross sellling

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Steady flow of Yen crosses have been sold over the last 30 minutes. There was some buying of EURJPY going into the Tokyo fix, but has since retreated from the 130.50s back into the 130.30s. EURUSD is flirting with the … Continue reading

2 Comments

July 9th, 2009 00:09:33 GMT

Very volatile market conditions

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AUD/JPY fell from 72.30 to 71.70 and back to 72.30 in a matter of minutes. Liquidity is poor at current levels as most of the jobbers or liquidity providers are giving the market a miss this morning. Australian unemployment numbers … Continue reading

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July 8th, 2009 23:24:58 GMT

Watch out for further weakness in AUD/JPY

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Some incredible data I’m just reading shows that on July 7th, two days ago, the net AUD/JPY margined longs were twice as much as the USD, EUR and GBP/JPY longs combined. These AUD/JPY long positions have increased at an alarming … Continue reading

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July 8th, 2009 23:14:58 GMT

Lots of Toshin maturities in late July

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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

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