June 25th, 2009 00:55:51 GMT

JPY selling gathering some momentum

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AUD/JPY and EUR/JPY are the two preferred vehicles this morning with AUD/USD up from .7960 to .8000 and USD/JPY up from 95.65 to 96.00. Dealers report some decent sized AUD/USD selling between .8060/90 and as we referred to earlier, there … 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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June 23rd, 2009 04:01:55 GMT

Weak shorts cover

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Weak shorts have covered for small move back up in all the majors with EURUSD bids helping EURJPY recover back up to 132.20. Look for renewed selling interest at 132.50. Watch the 100 hour MA in EURUSD, which comes in … Continue reading

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June 22nd, 2009 23:38:55 GMT

Nikkei likely to fall heavily on NY lead

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The S&P fell 3% and the Tokyo market which opens in 20 minutes is likely to open up to 2% lower, based on how the futures have traded. This will increase downward pressure on the JPY crosses.

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June 22nd, 2009 01:56:01 GMT

EURJPY: 133.50 gives way

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EURJPY has taken out the initial support area to trade down into the all important 133.00-20 support area as USDJPY sits at the lows of the day so far, sub 95.90. Volumes have  increased after a slow Monday morning start.

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