March 18, 2013
Europe squeezing weak intraday shorts
Looks like the European market isn't as bearish as Asia was and we are seeing a squeeze of intraday…
March 18, 2013
EUR/JPY: Back under pressure again
Hedge funds were selling USD/JPY earlier today as it approached 95.00 and liquidity was very poor…
March 18, 2013
Liquidity remaining pretty poor
There are not many flows going through according to local dealers but even small amounts are…
March 18, 2013
EUR/JPY: Risk definitely turned to downside
I'm glad I closed out all my positions last week and my premonition that something was about to…
March 15, 2013
EUR/JPY: Still stuck in 124/126 consolidation range
It's pretty hard to get overly bearish on this pair despite the big rise of recent months and the…
March 15, 2013
Highlights today in GBP/AUD and AUD/JPY
Flows and OrdersJPY crossesAUD,NZDGBP crosses
GBP/AUD has based twice at 1.4400 but has not yet been able to break back above previous record…
March 14, 2013
USD/JPY: Solid sell orders 96.50 through 96.80
Apologies for the much longer than anticipated absence and it seems I've missed more Yen weakness.…
March 13, 2013
Yen crosses: Could it be buy-the-rumour-sell-the-fact
A significant component in the big Yen fall of recent months has been the expectation that a new…
March 12, 2013
EUR/JPY: Falling heavily, sorry didn’t see this coming
This pair looked so bullish this morning and interbank dealers were talking about the total lack of…
March 12, 2013
Kuroda may start easing measures sooner than expected
There is a report in today's Nikkei which is driving Yen weakness this morning. In it they report…
March 12, 2013
Yen crosses: You gotta be quick
USD/JPY is back above 96.50 and all of the Yen crosses are higher in the last 30 minutes of trade.…
March 8, 2013
JPY crosses: Light profit taking after big overnight moves
It is Friday after all, and some Japanese traders will have woken up to a pleasant surprise after a…
March 8, 2013
AUD/JPY: Sneaking back towards 97.60
News reports that North Korea is threatening a pre-emptive nuclear attack aren't helping the Yen's…
March 8, 2013
EUR/JPY: Bull trend back in control again
My feeble attempt to pick an interim top didn't last very long but thankfully the position was…
March 7, 2013
EUR/JPY: Time to try the short trade again
Short at 122.40 and will add to position if an hourly high can form below 122.70. Stops above…
March 6, 2013
Once again Asia gives few clear clues to FX market
Maybe I've gone temporarily blind and can't read the signals but these markets are giving me…
February 28, 2013
AUD/JPY: Flow guy suggests selling at 95.10/20
Haven't heard from him for a few days but his info has been generally quite good. He says there are…
February 28, 2013
EUR/JPY: Still undecided if reversal or retracement
Trade IdeasJPY crossesTechnical Analysis
I still prefer the short-term sell-rally play and I'm looking at resistance levels near 122.30/50…