JPY crosses

NZD/JPY: Bearish entry level for ‘risk-off’ players

If you are of the opinion that we may get some risk-off sentiment ahead of the long Easter break, then you might consider an entry level near a 61.8% […]

By |April 15th, 2014 8:21am (th14154UTC14 UTC2104UTC)|AUD,NZD, fxww, JPY crosses|0 Comments

Look to Yen crosses for intraday trading opportunities

It will be a short week with many traders taking it easy ahead of a long Easter break. I wouldn’t be looking for any big medium-term trading opportunities, I […]

By |April 14th, 2014 10:04am (th14144UTC14 UTC0404UTC)|fxww, JPY crosses|0 Comments

EUR/JPY: Looking quite heavy but solid technical support 140.65/85

This pair looks like it might become a directional leader in coming weeks and it’s certainly looking a bit soft post-ECB. That said, the BOJ don’t look to be […]

By |April 7th, 2014 12:31pm (th14074UTC14 UTC3104UTC)|EUR crosses, fxww, JPY crosses|0 Comments

CAD/JPY: Very important technical level at 94.10

A clean break above 94.10 would suggest a double-bottom pattern with lows at a 38.2% retracement level at 90.75.

Bears can sell with a very tight stop and bulls can […]

By |April 2nd, 2014 7:58am (nd14024UTC14 UTC5804UTC)|fxww, JPY crosses|0 Comments

JPY shorts squeezed as market lacks conviction

The one constant in recent months in the FX market has been lack of conviction amongst traders.

Erstwhile trends like GBP-bullish or JPY-bearish have run out of steam and now […]

By |March 14th, 2014 7:32am (th14143UTC14 UTC3203UTC)|fxww, JPY crosses|0 Comments

GBP/JPY: Starting to build a long position

I’m already running core long positions in GBP against the EUR and the USD, so perhaps its time to add the JPY as well. My sense is that the […]

By |February 12th, 2014 11:33am (th14122UTC14 UTC3302UTC)|fxww, GBP crosses, JPY crosses, Trade Ideas|1 Comment

GBP/JPY: Starting to like the look of this pair again

I’m certainly not advocating that we should take a long position now ahead of the Yellen testimony .

But, the tide seems to be turning for the risk trades and […]

By |February 11th, 2014 1:00pm (th14112UTC14 UTC0002UTC)|fxww, JPY crosses|1 Comment

Risk trades hard to call at the moment

It’s no surprise to see the ‘euphoria’ regarding the Turkish rate rise quickly evaporate and now we are back in no-man’s land in many of the JPY and CHF […]

By |January 30th, 2014 7:30am (th14301UTC14 UTC3001UTC)|fxww, JPY crosses|1 Comment

Risk-trades bounce back after Turkey raises rates

You can read a full commentary here on Reuters.com.

My initial reaction to the news is that it smells of panic and might even have an unwelcome effect […]

By |January 29th, 2014 2:11pm (th14291UTC14 UTC1101UTC)|fxww, JPY crosses|1 Comment

Yen crosses trying to recover important levels

I’m not much help at the moment as I simply don’t have a good sense of what’s happening in the market. Are we going to see a continuation of […]

By |January 28th, 2014 7:46am (th14281UTC14 UTC4601UTC)|fxww, JPY crosses|4 Comments

AUD/JPY: Testing water with small long near 90.35

Firstly, I’m not picking these moves particularly well at the moment and some of the cross moves in pairs like EUR/AUD have me quite baffled. Nevertheless, I still think […]

By |January 24th, 2014 6:35am (th14241UTC14 UTC3501UTC)|AUD,NZD, fxww, JPY crosses, Trade Ideas|2 Comments

EUR/JPY: Shorts favoured but still need to respect important support levels

By |January 20th, 2014 7:29am (th14201UTC14 UTC2901UTC)|fxww, JPY crosses, Trade Ideas|1 Comment

EUR/JPY topping formation looking more plausible

  • Possible topping formation ahead of 143.00 (see chart);
  • Needs break and hold below 140.40 to confirm;
  • Shorts favoured with stops above 143.25.
By |January 17th, 2014 6:58am (th14171UTC14 UTC5801UTC)|fxww, JPY crosses, Technical Analysis, Trade Ideas|0 Comments

USD/JPY: Looks set to test 105.50 yet again

Major technical resistance at 105.50 (61.8% retracement) is still the main topside target in USD/JPY.

EUR/JPY should also be interesting near 143.10/20. If a top can form there on the […]

By |January 16th, 2014 3:16pm (th14161UTC14 UTC1601UTC)|fxww, JPY crosses, USD/JPY|0 Comments

EUR/JPY: Worth considering shorts if 143.10/20 holds

I’m looking at some solid technical resistance near 143.10/20 in EUR/JPY and if this level is tested and holds, then I think it may be very worthwhile entering shorts […]

By |January 15th, 2014 4:59pm (th14151UTC14 UTC5901UTC)|fxww, JPY crosses, Trade Ideas|1 Comment

EUR/JPY: Topping pattern negated with break above 142.90

Any hopes the bears might have had of a topping formation have been dashed with the break above 142.90.

By |January 8th, 2014 4:28pm (th14081UTC14 UTC2801UTC)|fxww, JPY crosses, Technical Analysis|0 Comments

EUR/JPY: Play 141/143 with bearish bias

  • Possible topping formation in development here with parameters at 141/143 roughly;
  • I prefer to play the edges of this range over the next few sessions with a definite bearish bias;
  • If […]
By |January 7th, 2014 8:36am (th14071UTC14 UTC3601UTC)|fxww, JPY crosses, Trade Ideas|2 Comments

Yen showing modest strength but unable to build on yesterday’s gains

  • USD/JPY will look toppish so long as the long-term Fibo at 105.50 continues to hold firm; a break below previous highs near 103.70 will likely cause further trimming of […]
By |January 7th, 2014 8:03am (th14071UTC14 UTC0301UTC)|fxww, JPY crosses|0 Comments