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.

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

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

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

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

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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