- Market is caught long and is in retracement mode;
- NFP day is usually a big day for USD/JPY volatility;
- Resistance levels now start around 102.20/30;
- Strong technical support levels start near 100.80 […]
USD/JPY techs: Initial target at 100.80
Early European traders chasing stops in USD/JPY and EUR/USD
- Stops tripped above 1.3625 in EUR/USD with more reported above 1.3640;
- Stops tripped below 101.90 in USD/JPY;
- Asian real-money names noted selling AUD/USD rallies near .9050.
USD/JPY: Headed back towards 100 in short-term
- Trend highs at 103.70 were untested and the market ran out of momentum above 103.00 this time;
- All credible reports suggest that the market is sitting very short of Yen;
- Japanese […]
USD/JPY looking very soft as crosses turn south
- Market is already quite long of USD/JPY according to most reports;
- EUR/JPY turned sharply lower yesterday after touching 140 and now it’s the turn of AUD/JPY to fall;
- More losses likely […]
USD/JPY: Reverses sharply as short-term market caught long
- AUD/JPY and NZD/JPY were both at top of recent ranges;
- EUR/JPY was exhausted after triggering a barrier at 140.00;
- Many PBs were reporting that the market had gotten ahead of itself […]
Look for USD strength to continue in coming sessions
- USD/JPY is set on challenging recent trend highs at 103.70;
- Cable looks overbought to me in shortish-term and could be ripe for a retracement;
- EUR/USD has put in an interim top […]
USD/JPY: Sell orders reasonably light until 102.25/40
Not much in the way of heavy supply until 102.25 and above according to my Prime Brokerage contacts. Now that 101.55 has been overcome, we should expect dips towards […]
USD/JPY: Market eyeing resistance levels near 101.50/55
- Talk of a barrier at 101.50 which will be well defended;
- July highs at 101.55 directly above there;
- We can expect to see plenty of stops above 101.65/70;
- GBP/JPY still looks like […]
Major breaks on crosses should cause a re-think on AUD/USD, USD/JPY
GBP/JPY made a significant move higher last night breaking above monthly highs at 163.00. It’s unusual for these big levels to break on the first time of asking, but […]
USD/JPY: 1.7billion in option expiries at 101.00 later today
That normally means that prices will gravitate towards this level as the expiry time approaches (NY cut).
USD/JPY: Very heavy turnover near 100.75
The interbank market is reporting some very heavy turnover near 100.75, which was a recent daily high. The next big technical level to watch above here is 101.55. I […]
Nikkei moving higher taking USD/JPY towards resistance levels
Recent highs in USD/JPY at 100.55/60 are edging closer with a break higher in the Nikkei the catalyst.
The BOJ will release their latest rate decision this afternoon and perhaps […]
USD/JPY: Don’t fancy buying dips at these levels
Resistance at 100.50/55 is still looking quite formidable and I don’t see much value in buying short-term dips whilst the sideways momentum remains so strong. The charts still look […]
USD/JPY: Market long and bullish
I have no idea where USD/JPY is headed in the shortish-term. The market is quite long yet it looks comfortable with the position so we may indeed see further […]
USD/JPY: Approaching short-term support levels between 97.50/70
Typical Friday trade, squeezing out the least committed positions. USD/JPY and EUR/JPY have been heading lower for the entire session and USD/JPY (see chart) is approaching short-term support levels […]
USD/JPY: Stops triggered above 98.40 post-FOMC
It’s also interesting to note that many of the big sell orders from Japanese banks are reported to have been moved higher towards 100.00.
I’ve still got no strong view […]
USD starting to look stronger but needs to break up against the EUR and JPY
- AUD/USD has managed to break back below strong technical support at .9520 and cable has formed a short-term topping pattern. But some of the other major pairs are still […]
USD/JPY: Expect tight 97.40/80 range
This pair is stuck between the 200-dma at 97.38 and reported corporate sell orders at 97.80. I’m still leaning towards a bearish bias, with reports of heavy topside offers […]
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