August 5th, 2009 01:28:31 GMT

Small flows into Tokyo Fix


There was nothing special to report at the Tokyo fix. There was a small drift off in EURJPY from above 137.50 to just under 137.20 on the back of some small exporter selling interest. It has since moved back up … Continue reading

August 3rd, 2009 21:22:20 GMT

Risk on again- JPY crosses surge


The effects of the global financial crisis in the FX market were exacerbated by excessive leverage and the carry trade. The market got itself hugely long in pairs like GBP/JPY and AUD/JPY and it now looks like it wants to … Continue reading

July 31st, 2009 02:33:23 GMT

EURJPY still in demand post Tokyo fix


EURJPY has not retraced much after the Tokyo fix. Traders site demand from EURUSD and Japanese Fund buying. Stops triggered above 1.4100 in EURUSD earlier, has also helped EURJPY remain bid. Technically,  its sees support back at 134.17, the top of … Continue reading

July 30th, 2009 12:50:45 GMT

Reflation trade on the mend


The Chinese news that they will maintain an easy monetary policy helped pump life into the reflation trade overnight and the sub-600K jobless claims data (and drop in continuing claims) is helping strengthen the trade further. The dollar is a … Continue reading


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