USD/JPY has ticked higher in early European trade, presently at 90.20. Doesn’t appear to be news driven. Rather it appears to be bout of general short covering. Personally I wouldn’t like to be short USD/JPY going into this afternoons US GDP … Continue reading
The low so far has been 79.62, well below the previous 79.85 level. Next support in USD/JPY is at 89.15.
Sticks are bouncing again, down less than 3/4% as we get close to the Bernanke vote. Not sure whether the vote has anything to do with the bounce, but the timing is curious. EUR/USD is stuck in the mud in … Continue reading
US equities continue to lose ground, now 1.7% lower on the day. US bond yields are falling as bonds rise on flight-to-quality. 2-year notes are at 0.875% from 92 bp earlier today. USD/JPY is easier as a result, down close … Continue reading
EUR/USD and GBP/USD have both turned lower as European stocks give ground. Well Asian sovereigns have done well today, having sold up around 1.4050 and 1.6276 in the respective pairings. Elsewhere USD/JPY down at 90.25, the earlier mentioned Japanese auto maker selling … Continue reading
USD/JPY sits presently at 90.40 having earlier posted a session high 90.55. Talk has it a Japanese auto maker had an interest to sell up around the highs. Some divergence of opinion as to where stops lie on topside. Heard earlier they’re … Continue reading
I’ll go out on a limb here, I think the US will hike rates before Japan. Interesting to see KC Fed Hoenig’s dissenting vote in FOMC statement. USD/JPY trading a little firmer this morning, presently at 90.20 from a North … Continue reading
Jamie mentioned earlier that there were stops below 1.3920 in the EUR/USD, so that might be our next target. Watch out also for USD/JPY as the stops above 90.70 are said to be very large.
The big stops above 90.70 are still there I hear but they may be safe as the 90.55/60 level has proven very hard to breach over the last week or so. High so far 90.25.
It remains very quiet in FX world and we are awaiting any surprise developments in President Obama’s State of the Union address to perhaps introduce a bit of volatility. USD/JPY is ekeing out new highs as the Nikkei also sneaks … Continue reading