JPY crosses

Professional market turning cautiously bullish JPY

I have read a number of quite bullish JPY predictions from major banks over the last few days. Geo-political considerations are the main driver as well as presumedly large […]

By |July 21st, 2014 11:38am (Sydney Time)|fxww, JPY crosses, Trade Ideas|5 Comments

JPY crosses still looking soft

Regional stockmarkets are lower this afternoon and the JPY crosses are still looking most likely to get the FX market moving.

NZD/JPY is sitting on it’s 50-dma at 88.05 and […]

By |July 17th, 2014 2:42pm (Sydney Time)|fxww, JPY crosses|0 Comments

AUD/JPY: Stay short for now, reverse on bigger dips

  • Very solid technical resistance now at 96.55;
  • Short-term market sentiment seems to have swung in JPY favour;
  • The RBA will continue to try and talk the AUD down;
  • USD/JPY is in sideways […]
By |July 17th, 2014 7:41am (Sydney Time)|AUD,NZD, fxww, JPY crosses, Trade Ideas|0 Comments

CAD/JPY: Important support levels nearby 94.10/20

cadjpy1d

There are some very important technical support levels close by in the CAD/JPY, one of last week’s biggest movers.

Technicals don’t […]

By |July 14th, 2014 9:37am (Sydney Time)|fxww, JPY crosses|0 Comments

EUR/JPY: Should be main focus during Asian trade

  • There were a few scares running through the EUR over the last 24 hours;
  • Global equity markets ran scared for a while after developments in Portugal;
  • Bad news begets […]
By |July 11th, 2014 7:40am (Sydney Time)|fxww, JPY crosses|0 Comments

AUD/JPY: Strong technical case for bears now emerging

audjpy1d

It’s hard to get too carried away by any movements in the markets based on recent experiences but the AUD/JPY […]

By |July 10th, 2014 7:35pm (Sydney Time)|fxww, JPY crosses|0 Comments

USD preferred ahead of EUR and JPY in medium-term

Plenty of people asking me about the big pairs, EUR/USD and USD/JPY, as this is what they are used to trading and they find it difficult to start concentrating […]

By |July 2nd, 2014 8:46am (Sydney Time)|EUR crosses, EUR/USD, fxww, JPY crosses|1 Comment

GBP/JPY: Likely to grab much of the focus during Asian trade

If anything happens during the Asian session then it’s likely to be in cross pairs like GBP/JPY. There is some very important technical resistance between 173.60/174.85 and we are […]

By |June 20th, 2014 8:23am (Sydney Time)|fxww, GBP crosses, JPY crosses|5 Comments

Violence escalating in Iraq; impact on oil price and ‘risk’ trades

There have been a number of reports this morning of increased fighting around Baghdad airport and any escalation in violence will certainly impact on the oil price and and […]

By |June 16th, 2014 10:04am (Sydney Time)|fxww, JPY crosses|0 Comments

BOJ not giving market any reasons to turn bullish Yen

The BOJ policy statement shows that they will continue along the same policy path for the foreseeable future, making the Yen an obvious choice as a funding currency […]

By |June 13th, 2014 3:01pm (Sydney Time)|fxww, JPY crosses, USD/JPY|0 Comments

Oil price rises: Look for GBP/JPY buying opportunities

The oil price jumped last night on the back of reports that Libyan exports are now close to zero. Coming on the back of decent Chinese economic data, shorts […]

By |June 10th, 2014 7:52am (Sydney Time)|fxww, JPY crosses|0 Comments

BOJ main focus for today’s trading session

We saw a lot of professional traders buying puts in pairs like EUR/JPY and AUD/JPY yesterday amid increasing speculation that the BOJ might be a little less hawkish than […]

By |May 21st, 2014 6:54am (Sydney Time)|fxww, JPY crosses|0 Comments

Speculative market continues to buy downside puts in Yen crosses

It seems that some bigger professional speculators are of the opinion that the BOJ will do absolutely nothing tomorrow  and there is even chatter that they will move away […]

By |May 20th, 2014 4:22pm (Sydney Time)|fxww, JPY crosses|0 Comments

USD/JPY: Large stops below 101.15 drifting into focus

There still seem to be some large bids ahead of 101.20 but all I’m hearing about is the large stops sub-101.15. If they go off then they will also […]

By |May 19th, 2014 4:13pm (Sydney Time)|fxww, JPY crosses|0 Comments

Risk off Friday and I think GBP/JPY might be a good vehicle

I think it’s pretty safe to assume that the market is quite long of GBP/JPY and we may see some profit taking ahead of the weekend.

USD/JPY resistance at 101.90/95 […]

By |May 9th, 2014 8:35am (Sydney Time)|fxww, JPY crosses|0 Comments

Yen crosses still edging lower in quiet Asian trade

  • The NZD has been affected by talk of intervention from the RBNZ Gov as well as the slightly worse-than-expected jobs data;
  • The AUD has edged lower alongside the NZD and […]
By |May 7th, 2014 3:53pm (Sydney Time)|fxww, JPY crosses|0 Comments

JPY crosses: Trendline supports holding firm

  • The long-term bullish USD/JPY trendline came in yesterday near 101.90 and that level held very nicely;
  • Similarly in EUR/JPY, the base of the consolidative wedge held nicely near 141.20.

Japanese markets […]

By |May 6th, 2014 8:48am (Sydney Time)|fxww, JPY crosses|0 Comments

JPY crosses: Some big levels to watch nearby

  • AUD/JPY has just broken below s/t support at 94.50 and has technical scope for a fall to 93.35;
  • USD/JPY is sitting right on it’s daily trendline near 101.90;
  • EUR/JPY is trading […]
By |May 5th, 2014 1:03pm (Sydney Time)|fxww, JPY crosses|0 Comments