July 23rd, 2009 01:26:08 GMT.

AUDJPY still in demand

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The AUDJPY demand into the Tokyo fix earlier has caught a few traders short and upwards momentum should last throughout Asia. AUDJPY support comes in at 76.00 with resistance at 77.20. On the AUDUSD, there is a some resistance here … Continue reading

2009-07-23T01:26:08+0000

July 21st, 2009 23:35:38 GMT.

Early Tokyo selling the JPY crosses again

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Just as I had anticipated earlier, dealers are selling the JPY crosses in anticipation of some corporate or Toshin related selling around fixing time. GBP/JPY has fallen from 154.10 to 153.70, with technical support at 153.20, and AUD/JPY has fallen … Continue reading

2009-07-21T23:35:38+0000

July 20th, 2009 03:52:41 GMT.

AUDUSD higher on back of AUDJPY

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Good buying of AUDJPY has been seen today. Once thru 76.00, stops were triggered running up towards 76.50 and it hasnt looked back. Technical resistance at 76.60(high on the 7th July). Even subdued PPI numbers were unable to hold the … Continue reading

2009-07-20T03:52:41+0000

July 20th, 2009 00:38:58 GMT.

JPY crosses marching higher

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AUD/JPY is back above 76, presently trading at 76.13 after opening around 75.70. Technical resistance on the day is at 76.63, the bearish trendline from 80.45 through 78.40. GBP/JPY also has trendline resistance in the picture, but not for another … Continue reading

2009-07-20T00:38:58+0000

July 15th, 2009 23:32:56 GMT.

JPY crosses bit lower on CIT news

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Nothing major to report just yet. Cable remains above 1.6410 and AUD and EUR have both fallen about 30 pips against the JPY as the risk-off trade gets replaced by the risk-might-be-back-on-not-100%-sure-yet trade.

2009-07-15T23:32:56+0000
2009-07-14T23:50:35+0000

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

2009-07-14T02:36:32+0000

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

2009-07-13T22:24:20+0000
2009-07-13T02:21:52+0000

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

2009-07-13T00:01:06+0000
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