+352.01 open 17071.65 low 17066.77 USDJPY 118.36 Another burst for the tape sees fresh highs and USDJPY happy to move higher with it Offers into 118.50.
EUR/CHF just did a 300 pip roundtrip in a few minutes as the madness continues in thin liquidity as Asia-Pacific traders ramp up. But the brewing story is USD/JPY as it slides down to 115.91. The December low was 115.57 … Continue reading
The USDJPY – on a relative basis – is more contained. The pair has remained within the trading range over the last 2 days (see blue box). The high found resistance against lows from last week, and also a downward sloping trendline … Continue reading
The USDJPY is trading at the highest levels for the NY session at 117.12. This is despite the S&P trading near the low levels for the day (at 1196). From a technical perspective the pair is bumping against the 38.2% … Continue reading
Retail sales give the first tentative signs that lower fuel and utility prices are not filtering through to the economy I’m still erring on the side of caution that we’ve yet to see any real effect of lower energy prices … Continue reading
The surprise weakness in the US retail sales has sent the USDJPY even lower in trading today. The pair has been under pressure as traders fear the lower commodity prices, and slower global growth. If the US is not a … Continue reading
The short USD/JPY trade has been the best trade of the year I haven’t been in While the top looks to have sorted itself out we need to see how we do at the bottom, wherever that may be. We’ve … Continue reading