June 9th, 2009 03:58:18 GMT

EUR/JPY: 135.91 low so far

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The pair is having some trouble bouncing and is still hanging around 136.00. AUD/JPY is also lower, currently at 77.25, not helped by comments across Reuters by PM Rudd saying that unemployment is going to rise.

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June 9th, 2009 03:28:47 GMT

EUR/JPY still under pressure

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Not much respite so far for the cross, currently down at 136.15. Dealers tell me that there are lots of stops on the 135 handle, particularly under 135.20, if the fall continues. USD/JPY bids are reported at 97.25/50 but that’s … Continue reading

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June 9th, 2009 02:38:54 GMT

EUR/JPY drifting lower

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EUR/USD is back at it’s opening level of 1.3890 and USD/JPY is on it’s session lows at 98.25. This means of course that EUR/JPY is lower, currently trading at 136.50 after posting a high at 137.30 earlier in the session. … Continue reading

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June 9th, 2009 01:16:30 GMT

Obviously the model is still out of form!

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Apologies for the slight break in transmission, suffered some minor technical difficulties. Not much has luckily happened in the interim although the s/t model signal isn’t looking too good with EUR/JPY drifting lower, currently at 136.85. Maybe we should use … Continue reading

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June 8th, 2009 22:29:53 GMT

EUR/JPY technicals

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Modest uptrend still in play here on the hourly charts but the excessive volatility from last Friday between 136.30 and 139.20 may be signalling th the quiet times are over and we are in for more high volatility. Risk/reward would … Continue reading

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June 8th, 2009 02:10:11 GMT

HK shares buck the regional trend

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The Hang Seng index is down around 0.8% as opposed to gains of about 1% over on the Nikkei. Equity markets are having little or no impact on the JPY crosses today with EUR/JPY chopping around in a tight 137.45/95 … Continue reading

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