October 24th, 2008 07:49:24 GMT.

JPY at Clinton-era levels

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Back in the 1990s when America was ruled by a benevolent leader who’s wise policies helped all the citizenry, USD/JPY fell as low as 80 yen. We are back in that zone, levels not seen the aftermath of the Kobe … Continue reading

2008-10-24T07:49:24+0000
2008-10-23T15:12:22+0000
2008-10-22T15:38:14+0000

October 22nd, 2008 15:20:23 GMT.

EUR, GBP catch a break

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USD/JPY is takin’ a whoopin’ but EUR/USD and cable are holding up for some odd reason as stocks sink to session lows. Global recession fears are the focus today as emerging markets get hammered and prompt more deleveraging across the … Continue reading

2008-10-22T15:20:23+0000

October 22nd, 2008 14:47:39 GMT.

Lehman CDS netted out to $5.2 bln

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Credit default swaps on Lehman Brothers debt netted out to $5.2 blnĀ  according to the Depository Trust and Clearing Corp. They apparently settled without claiming any victims as had been feared. One less thing for the market to worry about, … Continue reading

2008-10-22T14:47:39+0000
2008-10-22T13:45:48+0000
2008-10-22T09:05:46+0000

October 21st, 2008 15:04:38 GMT.

EUR/JPY rebounding nicely

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EUR/JPY has bounced back nicely this afternoon with equities recovering some of their earlier lost ground. Stops above 132.25 is are being triggered as the pair moves back above that former support level. The cross trades now at 132.50. There … Continue reading

2008-10-21T15:04:38+0000

October 15th, 2008 16:30:42 GMT.

EUR/JPY probes Fibo as stocks slip further

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I’m not sure if stocks were expecting miracles from Bernanke, but they have fallen further since he began speaking. They syd down more than 4% at writing. EUR/JPY briefly probed through Fibo support at 136.95/00 before rebounding. A sustained break … Continue reading

2008-10-15T16:30:42+0000

October 14th, 2008 18:24:51 GMT.

Stock slide accelerates, EUR/JPY dips slowly

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The Dow has given back 200 points of Monday’s 900+ point rally but EUR/JPY is not much worse off than when stocks were dipping just below break-even. Dealers say good Japanese selling at 103.00 earlier in the session prompted some … Continue reading

2008-10-14T18:24:51+0000
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