Dealers report that there are now some very big gaps appearing on their order books but there is still some sizeable interest around. EUR/USD offers around 1.4150 are thought to be from a Sovereign name. There were sizeable offers of … Continue reading
EUR/USD is struggling to rally amid steady central bank sales so some specs have turned their attention to EUR/JPY. Rather than pitch unproductive EUR/USD longs it looks as though many have biught USD/JPY against them, legging into a cross position. … Continue reading
EUR/JPY has made ground this morning, presently up at 131.30 from an early 130.80. An Asian source earlier reported sell orders lying in wait up at 131.50 up through 132.00.
An uninspiring trading day, with EURJPY stuck in a 30 pip range. Traders buying back earlier small short positions sending it backup to the 130.90 area. We await Europe for the next move.
Today being the 15th, most players were expecting larger than usual importer demand of the fix. However that has not transpired and once again both EURJPY and USDJPY are lower after the fix. Japanese technical traders are currently watching the … Continue reading
As today is the 15th, we should see some decent turnover during the Tokyo fix which might liven things up a bit. There are not expected to be any significant Toshin maturities until after the 20th. The Nikkei is expected … Continue reading
EUR/JPY has drifted to a new session low in light flows as risk aversion rises slightly as yesterday’s US equity rally show signs of tiring today. USD/JPY has fallen to a fresh session low as well, down to 92.70. Small … Continue reading
Just like yesterday EUR and EURJPY have retreated after the Tokyo Fix. Demand into the fix saw EUR up above 1.4000 and EURJPY towards 130.50, however once the buying interest finished, sellers emerged out of Tokyo, hitting the EURJPY back … Continue reading
EUR/JPY has been particularly whippy of late intraday, often posting 250 pip moves and that is without the multiple gyrations that happen within the range. Nevertheless, dealers say that the range edges are becoming clearer, dictated to by order books. … Continue reading
USD/JPY has bounced back over 92.00, presently at 92.05. The move is down in no small part to very strong buy interest seen lying down at 128.00 in EUR/JPY. The cross has recovered back up to 128.55 from a 127.99 session … Continue reading