Category in Trade Ideas

USD/JPY: Definitely prefer the sell-rally play in short-term

Yen crosses still look liable to deeper falls in my view, led by EUR/JPY but with others like NZD/JPY also looking fragile after massive up-moves. The big level to watch today in EUR/JPY is 136.20. Option-protection and semi-official bids near 101.00 have been very strong indeed but the stops below 100.70 are reportedly massive as

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 long positions amongst Japanese investors in some of the JPY crosses, like GBP/JPY and NZD/JPY in particular. I’m not yet convinced that the market is ready

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 trading pattern but reportedly very large stops below 100.70 could get targeted. Most of the short-term indicators are bearish imho and with an

EUR/GBP and AUD/NZD in ‘recovery’ mode

These have been two of the more persistent bear trends in the crosses in recent months but both pairs are starting to show signs that a ‘bottom’ may be in place. AUD/NZD has some sizeable topside potential in my biased opinion and once the current 1.0725/1.0925 consolidation is breached, I’m expecting this pair to regain