USD/JPY has been a hostage of the crosses in recent days and traders are turning their attention elsewhere as few see much life beyond an 88.60/89.50 range. That said, we are hearing of some buying interest on dips just below … Continue reading
89.50 offers? Confirmed! Prices topped at 89.49 on EBS…I’m kidding, of course…
Traders report USD/JPY demand at the 16:00 gmt fixing and are trying to get ahead of it. Sell orders sit at 89.50 and all the way up, so expect the rally to struggle.
The latest research on FX market speculative positioning suggests the following: EUR shorts are at record levels, now more than 70k contracts (remember that the record for EUR longs is around 120k contracts so there could still be a ways … Continue reading
As stated earlier, talk of heavy trailing stops in EUR/USD above 1.3700 but good sized selling interest at 1.3750 and similarly heavy buying interest around 1.3600. USD/JPY should also remain range bound between heavy buy orders around 88.50 and heavy … Continue reading
GBP/JPY is still under pressure and is closing in on the 134.60 low from last week. Not much in the way of more medium term support until 131.50.
Reuters reports that there has been a magnitude 7.3 earthquake off the coast of Japan. No word on damage yet, if any. If there is damage, historically the JPY tends to rally as Japanese insurers repatriate overseas funds…USD/JPY trades at … Continue reading
USD/JPY trades at fresh session lows, down as far as 88.74 in the last few minutes. Stops are seen at the 88.70 level (a crazy spot, since trend lows are down at 88.55…) , t5raders report. Barriers are rumored at … Continue reading
With USD/JPY back below the 89.00 level traders are once again reminded of the 88.55 trend lows and the barriers just below that level. Stop-loss sell orders are seen around the 88.70 level and again at 88.40/45, it should come … Continue reading
Some in government want BOJ to ease policy further Government won’t mention sales tax hike when crafting fiscal plan in June Economic outlook bleak. Can’t ask public to shoulder more tax burden before mid-year election Excess capacity, weak demand to … Continue reading