May 12th, 2010 00:43:29 GMT

Light GBP/JPY flows reported

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Dealers say that some light GBP/JPY selling flows out of Tokyo have driven that cross down about 75 pips in the last hour. Liquidity is still fairly poor but definitely much improved compared with Monday last.

May 10th, 2010 22:49:33 GMT

Quick look at the order books

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Looks like the market might be returning to some semblance of normality as there are a few orders starting to return to the interbank boards. AUD/USD: real money offers capping overnight around .9080 through .9100. Trailing stops building above .9140. … Continue reading

May 7th, 2010 13:32:21 GMT

USD/JPY: CB bid surfaces below 91.80

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Traders report a central bank has put in a bid around the 91.80, helping slow the latest slide. Traders blame the drop on heavy EUR/JPY sales out of Paris… EUR/JPY is down to 116.45. EUR/USD to 1.2680.

May 7th, 2010 07:12:35 GMT

USD/JPY gives ground

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USD/JPY has come under renewed pressure as European trade gets underway, back below 92.00, presently at 91.70.  Sources note aggressive selling by a U.S,  macro fund.

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