2009-09-02T00:52:57+0000

September 1st, 2009 19:32:59 GMT.

Fresh pressure on JPY crosses

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USD/JPY has worked its way through bids at 92.90 and now trades at session lows in the low 92.80s. Support is seen at the 92.55/65 level but large stops are seen if 92.50 is broken. Barrier options are eyed at … Continue reading

2009-09-01T19:32:59+0000
2009-09-01T16:07:51+0000

September 1st, 2009 13:19:30 GMT.

EUR/JPY retraces 61.8% of bounce

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EUR/JPY is playing the risk barometer role again today, trading with a heavy tone in early New York trade. We’ve dipped below the 132.90 level, the 61.8% retracement of the 132.15/134.15 rally. Additional chart support lies at 132.65. A break … Continue reading

2009-09-01T13:19:30+0000

September 1st, 2009 02:24:04 GMT.

EURJPY ratchets higher

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EURJPY has quietly moved higher over the last few hours testing the overnight high just above 133.60. It has found support via Asian equities, with the Shanghai Composite turning slightly positive. However traders remain cautious with the Composite’s ability to turn on … Continue reading

2009-09-01T02:24:04+0000

August 31st, 2009 18:54:04 GMT.

Has the risk card been overplayed?

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EUR/JPY continues to recover in slow, methodical fashion this afternoon, boosted in part my related markets like stocks and commodities climbing off their lows. The cross tried the downside early in the US trading session but put in a higher … Continue reading

2009-08-31T18:54:04+0000
2009-08-31T13:39:25+0000
2009-08-31T03:43:05+0000

August 31st, 2009 01:31:28 GMT.

Stops triggered in USDJPY & EURJPY

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Stops below 93.20 and larger ones beneath 93.00 have been triggered, sending it as low as 92.60. No demand was seen at the Tokyo fix for EURJPY also, plunging with USDJPY to take out stops sub 133.00, with traders saying liqudity has … Continue reading

2009-08-31T01:31:28+0000

August 30th, 2009 23:00:34 GMT.

JPY crosses turn lower again

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This looks like a day to watch the market and avoid trading, no matter how tempting it looks. We may see some silly moves later on which give excellent trading opportunities. It looks bid one minute and horrible the next. … Continue reading

2009-08-30T23:00:34+0000
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