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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July 3rd, 2009 01:47:57 GMT

JPY crosses popping bit higher

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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

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July 1st, 2009 22:10:21 GMT

Quick look at JPY matters

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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

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June 30th, 2009 01:41:18 GMT

Australian private credit falls by 0.1% in May

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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%.

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June 30th, 2009 00:09:11 GMT

Nikkei opens up 1.1%

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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

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June 23rd, 2009 23:45:04 GMT

Regional stock markets to post modest gains

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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.

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