March 17th, 2010 01:54:14 GMT

BoJ may expand lending program

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This Bloomberg report has surveyed 18 international economists and the majority opinion is that the BoJ will expand its credit program by at least 5 trillion JPY. The policy decision, which is expected to leave rates on hold at 0.1%, … Continue reading

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March 16th, 2010 18:24:39 GMT

USD/JPY easier after Fed; yields dip

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Some anticipated a more hawkish Fed. Not today. US bond yields are somewhat easier after the statement with 2-year yields now at 0.90% from 0.95% before. I would not be surprised to see rates back at 0.95% this time tomorrow. … Continue reading

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March 16th, 2010 04:22:07 GMT

Stops triggered in USD/JPY

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No sooner said than done. Bids filled at 90.15 and stops triggered just below. USD/JPY and the JPY crosses have been  under pressure during the Asian trading session for the last week or so and then they tend to rebound … Continue reading

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March 16th, 2010 03:40:45 GMT

Quick look at order books

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USD/JPY: solid corporate selling between 91.10/20; decent sized bids around 90.15, stops just below this level GBP/USD: stops both side of the market, above 1.5090 and below 1.5010. Talk of Sovereign bids 1.4950/60 with more stops below 1.4935/40. EUR/USD: heavy … Continue reading

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March 16th, 2010 00:11:08 GMT

Nikkei opens -0.3%, FX markets quiet

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The majors are oscillating in tight 20 pip ranges as Tokyo tries to decide what it should be doing in the FX market. Some light stops below 90.15 in USD/JPY might come into play this morning.

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