April 12th, 2010 10:09:47 GMT

European investment bank steady buyer of USD/JPY

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Not much pullback in USD/JPY so far during the London session and a big European investment bank has been a steady buyer over the last few hours. Next technical resistance is at Fridays’ 93.78 high.

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April 12th, 2010 00:06:38 GMT

Nikkei opens +0.9%

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The BoJ minutes from the last meeting have also just been released. Members advise caution regarding excessive easing and also regarding speculation before meetings which might undermine market confidence in the board. USD/JPY is fairly steady at 93.20 and EUR/JPY … Continue reading

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April 9th, 2010 12:30:25 GMT

Stronger CNY may wait until fall

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Interest rates may go up before exchange rates and the exchange rate move could be months away, a Chinese government economist said earlier today. A slower pace of CNY strength would allow JPY to stay weak. Firmer US rates are … Continue reading

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April 8th, 2010 14:28:33 GMT

USD/JPY edging higher

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Traders report strong buying from a German bank in USD/JPY, helping lift the pair out of tight morning ranges, marginally. The US session had been mostly confined to a 92.90/93.10 range but we managed a range extension up to 93.18 … Continue reading

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April 8th, 2010 06:44:03 GMT

USD/JPY retains heavy feel in early Europe

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No respite yet for USD/JPY, presently at 93.20.  Seem to be alot of sell stops parked not very far away. Im hearing through 93.10, through 92.90 and through 92.70.  Crikey.

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April 8th, 2010 03:34:48 GMT

USD/JPY sitting just above bids/stops

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USD/JPY bounced off the 93.20 level earlier but we’re back down there again and stops below 93.10 continue to beckon. Overall a pretty disappointing session with a 40 pip range in EUR/JPY and a 25 pip range in USD/JPY.

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