USD/JPY is drifiting lower, presently at 93.10. US treasury yields have come lower today and this is weighing on the pairing somewhat. 10-year presently yields 3.7433 having closed out Tuesday up around 3.7955, while 30-year is at 4.6149 from 4.6705. … Continue reading
USD/JPY sits at 93.25 in narrow rangebound trade. Talk Tokyo players have been buyers of the pairing on dips, said to be related to Nomura toshin launch on 23rd April. On the other side of the coin Japanese exporters have been … Continue reading
Outlook for Australian economy remains strong with latest leading indicators showing continued positive signs BoJ sees signs that Japan may exit deflation Goldman Sachs say fraud case only involves one individual Regional equity markets gain over 1% on average Ranges have … Continue reading
Very quiet trading conditions in Asia at the moment. The early sell-off in the JPY crosses has been reversed but I doubt if we see any major move higher as the market will be wary of USD/JPY sell orders around … Continue reading
Not much sign of the JPY crosses galloping higher though, with Tokyo seemingly happy to book whatever profits they made overnight in pairs like AUD/JPY and GBP/JPY. The EUR remains soft and stops below 1.3420 are still in range, USD/CAD is … Continue reading
The emails have come in a bit earlier today, suggesting that the afternoon interbank market in NY was quite slow. EUR/USD: stops close by below 1.3420, real money bids starting at 1.3485 USD/JPY: offers between 93.50/65, more stops above 93.75, … Continue reading
Despite a stronger CAD, stronger GBP, and a higher USD/JPY encouraging short covering of the JPY crosses, EUR/USD still managed to fall 40 pips from yesterdays open. This is not a very encouraging sign for those trying to pick a … Continue reading
Japan government targets to halve primary balance deficit of central, local governments in fiscal 2015 and achieve surplus by 2020 Government’s other target is to cut the deficit to within 6% or so of GDP by fiscal 2015 and 3% … Continue reading
We sit presently at 93.05. Source reports that “real money” has been buying the pairing this morning.
USD/JPY has rallied over 93.00, presently at 93.03. Talk has sell orders at 93.00/10 with stops said to gathered up at 93.20/25.