March 17th, 2010 01:54:14 GMT

BoJ may expand lending program


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


March 16th, 2010 18:24:39 GMT

USD/JPY easier after Fed; yields dip


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


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


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


March 16th, 2010 00:11:08 GMT

Nikkei opens -0.3%, FX markets quiet


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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