January 15, 2013
EUR/JPY: Still like 117/120 consolidation range
There is some debate going on as to exactly what was said by the EconMin but the reaction tells us…
January 15, 2013
Short JPY accounts are mainly in Asia
Just reading an interesting note from one of the big banks that seems to be suggesting that most of…
January 15, 2013
CHF/JPY: Looking for a selling opportunity
I think we are at the beginning of a period of major moves in the FX crosses that began with a…
January 15, 2013
The day ahead in the FX market, Tuesday January 15th
JPY crossesFlows and OrdersAUD,NZDEUR crossesOpen/WrapEUR/USDUSD/JPY
Not much of note on the economic calendar after Mr Bernanke's Q&A this morning: We may see…
January 14, 2013
Liquidity very poor in early FX market trade
Flows and OrdersJPY crossesAUD,NZD
Dealers aren't too enthusiastic this morning, complaining to anyone who will listen (only their…
January 14, 2013
EUR/JPY: Here we go again with another gap higher
We are getting used to these gaps now, and the market has just gapped from 119.20 to 119.70 in a…
January 11, 2013
Yen steady in quiet after lunch trade
EUR/USDUSD/JPYAUD,NZDJPY crosses
Japanese traders are back at their desks after a badly needed 90 minute lunch break and trade is…
January 11, 2013
Japanese Government urging public pension fund to buy more foreign assets
More headlines running through the market grapevine. Surely they'd be better off supporting local…
January 11, 2013
Yen crosses ease back off earlier highs
Flows and OrdersJPY crossesEUR/USD
EUR/JPY topped out near 118.60 during this morning's crazy period but has now settled back 117.90,…
January 11, 2013
Abe and the Yen: This better be more than just verbal intervention!
USD/JPY has now risen 10 big figures since Mr Abe, whilst still in opposition, signposted his…
January 9, 2013
EUR/JPY back above 114.00 after earlier stop-loss hunt
Stops were triggered pre-Tokyo below 113.65 but there was no follow-through and the cross is…
January 9, 2013
EUR/JPY technicals: Support breached at 113.65, next level at 113.10
The downside pressure on EUR/JPY has continued this morning with trailing stops triggered…
January 8, 2013
EUR/JPY technicals: Wedge formation on hourly chart with support near 114.30
Trade IdeasJPY crossesTechnical Analysis
Wedge formations are usually continuation patterns so bulls can consider buying near 114.30…
January 8, 2013
No clear obvious trading opportunities arising
The Asian session hasn't really given rise to any clear-cut trading ideas with the sessions biggest…
January 8, 2013
EUR/JPY at a short-term cross-roads
News that Japan will buy European bonds as early as today places EUR/JPY firmly at the forefront of…
January 8, 2013
USD/JPY failing to rally hard after FinMin comments
Japan will buy ESM bonds as early as today and this has seen the Yen crosses spike around the place…
January 8, 2013
EUR/JPY: Looking at a 114.10/117.10 trading range in coming sessions
The overnight low was at 114.10 so I'm using that as my downside base. Presuming the recent…
January 8, 2013
The day ahead in the FX market, Tuesday January 8th
Open/WrapFlows and OrdersAUD,NZDJPY crossesEUR/USDUSD/JPY
Australian trade balance 00:30 GMT, -AUD2.3bln expected: UK BRC retail sales 00:00 GMT, last +0.4%…