The market is long and bullish which should ensure dips are well supported but rallies will attract profit takers.
Sounds to me like a good recipe for range trading and […]
USD/JPY: Market expecting semi-official bids near 101.80.
Last time that USD/JPY traded under 102.00 there were reports in the market that semi-official players like Kampo were on the bid. I can’t confirm it yet, but the […]
Quick look at order books in early Asian trade
Not much happening in the FX market this morning despite lower stockmarkets across the region.
- USD/JPY turnover above 102.75 was extremely heavy yesterday with Prime Brokers suggesting that macro longs […]
USD/JPY gapping lower in early Tokyo
Just as well we waited for confirmation of those bids at 102.00 as there appears to have been nothing at all. The market gapped straight lower to 101.80 and […]
USD/JPY: Market expecting solid bids at 102.00
- Very quiet start today in Asia with Australian markets closed;
- There is early market talk of solid bids at 102.00 but I would wait for confirmation.
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 […]
USD/JPY: Still feels like we could get a silly spike to 110+
I don’t have a position in USD/JPY at the moment and therefore my opinion should carry less weight but for what it’s worth, it feels to me that we […]
USD/JPY runs through stops sub-103.70
Looks like the strong CNY fix was the catalyst for AUD/USD to clear .9000 and for USD/JPY to slice through stops below the previous trend highs at 103.70. Now […]
USD/JPY: Expect a volatile 48 hours but 103.70/105.50 set to hold
The uptrend since 97.00 has been quite steep and almost without retracement. The market is very bullish but if/when the retracement comes, it will be just as steep. Important […]
USD/JPY flows and orders: Plenty of interest on the pro books
- Solid buying interest from professional accounts 104.30/45;
- Intraday stops now plentiful below 104.10;
- Semi-official bids reported yesterday near 103.75/80;
- Top-side trailing stops starting above 104.80/85.
(Info mainly from Prime Broker).
USD/JPY: Should range trade ahead of Fed
- The market will start returning to normal after the lengthy holiday periods;
- Thursday’s FOMC will be the next big risk event;
- USD/JPY has major long-term resistance levels at 105.50 and short-term […]
USD/JPY: Stops triggered in thin markets; technical support at 104.15/20
- Markets remaining very illiquid during holiday period and stop-loss orders make easy pickings;
- Next technical support in USD/JPY is at the short-term bullish trendline near 104.15/20;
- Previous highs below there at […]
USD/JPY: Technical resistance at 105.50 looking more formidable
- Profit taking in illiquid markets in the Yen crosses was the main feature in overnight trade;
- GBP/JPY and CHF/JPY were the hardest hit;
- The trends in the crosses remains very strong […]
USD/JPY: Still eyeing major technical resistance at 105.50
The 61.8% retracement of the big 124/75.50 collapse comes in at 105.50.
2014 predictions: USD/JPY- sell rallies to 112.00
- Since I started trading in 1986, the one constant has been a bearish USD/JPY trend;
- There is strong long-term technical resistance near 111.50/112.50 (see chart);
- The market is very […]
USD/JPY: Major technical resistance at 105.50
The 61.8% retracement of the big downmove from 124.00 to 75.50 comes in near 105.50 (see chart).
USD/JPY: I prefer to sell big rallies
- Certainly USD/JPY looks extremely well bid at the moment and there are no signs of a top forming just yet;
- The worrying point for me is the extreme positioning that […]
Dollar likely to stay well bid over holiday period
- USD/JPY is trading at 5-year highs and the market is all bulled-up for more gains. I’m not joining in as I missed this boat already;
- USD/CAD is worth watching closely […]
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