USD/JPY: Still think it’s a matter of picking the range

USD/JPY has over-extended on the topside and recent history would suggest that range trading is still the obvious way to play this pair. The market was surprised by extreme […]

By |July 31st, 2014 9:15am (Sydney Time)|fxww, USD/JPY|0 Comments

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 […]
By |July 23rd, 2014 8:34am (Sydney Time)|fxww, Trade Ideas, USD/JPY|2 Comments

USD/JPY looking most likely of majors to make big move

  • Larger positions will tend to get increasingly nervous the longer a currency pair trades in a sideways formation;
  • Plenty of large JPY-short positions have been built up over the last […]
By |July 9th, 2014 7:08am (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: Favour selling intraday rallies to 102.15/20

usdjpy1d I quite like the risk-reward in selling near 102.15/20 with stops above 102.90, targeting a move lower to test important […]

By |July 8th, 2014 5:26pm (Sydney Time)|fxww, USD/JPY|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

USD/JPY: In recent months has tended to top-out post NFP

I read a research piece from BofAML yesterday which showed how USD/JPY has rallied in the days before recent NFP releases, has then had a spike higher on the […]

By |June 5th, 2014 7:32am (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: Hedge funds main driver behind recent rally

It’s getting increasingly hard for professional traders to generate any returns in these markets and it’s no surprise to see hedge funds clambering once more onto their favoured USD/JPY […]

By |June 4th, 2014 9:26am (Sydney Time)|Flows and Orders, fxww, USD/JPY|0 Comments

Australian GDP the main event this morning

Another very quiet 24 hours in the FX market and all of the major pairs seem to be trading exactly where they were at the beginning of the trading […]

By |June 4th, 2014 6:55am (Sydney Time)|AUD,NZD, EUR/USD, fxww, USD/JPY|0 Comments

USD/JPY: Heavy turnover overnight, more sell orders ahead

  • There were offers of up to $1 billion at regular intervals on the interbank platforms starting at 102.25;
  • The fact that these offers were chewed up shows how strongly ‘bid’ […]
By |June 3rd, 2014 8:29am (Sydney Time)|Flows and Orders, fxww, USD/JPY|0 Comments

USD set for further gains against the GBP, CHF and EUR #2

As I said earlier in the week, the USD looks set to make further gains against the big European currencies and these trades are starting to develop […]

By |May 30th, 2014 6:57am (Sydney Time)|EUR/USD, fxww, USD/JPY|4 Comments

USD/JPY: Stops both sides of market ahead of Kuroda speech

USD/JPY reacted surprisingly little to the BOJ policy announcement. There had been some small expectation that the inflation target might be softened but we saw no sign of this. […]

By |May 21st, 2014 3:06pm (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: Only a matter of time before we see a down-side clean-out

It’s not so much the size of the positions, but the proximity of the stops which are the main worry here. In tighter markets, traders tend to run bigger […]

By |May 14th, 2014 8:27am (Sydney Time)|fxww, USD/JPY|1 Comment

USD/JPY: Capped below 102.00 but very solid bids still being reported

All those hoping for some volatility in USD/JPY may be disappointed again. I’m hearing reports of very solid bids towards 101.25 which will prove difficult to budge. Sellers are […]

By |May 9th, 2014 10:54am (Sydney Time)|Flows and Orders, fxww, USD/JPY|0 Comments

USD/JPY: Resistance near current 101.90/95 level

This current level provided solid technical support on the way down, in the form of a long-term trend-line. We can expect nervous longs who bought here on the way […]

By |May 8th, 2014 11:54am (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: I’m staying neutral, easier trades elsewhere

The cases for being short USD and/or JPY are too strong and too similar in my opinion so I’m avoiding this pair. The break below the trend-line support at […]

By |May 7th, 2014 8:48am (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: More sideways trading likely with medium-term bull trend still intact

USD/JPY has been going sideways for the last 3 months and I see no reason for this to change just yet. The bullish daily trendline held very nicely near […]

By |April 22nd, 2014 8:30am (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: Still hovering above important support levels

I don’t see much point in getting involved in USD/JPY at the moment. There is major support coming in near 101.25/50 with stops below there whilst resistance will be […]

By |April 16th, 2014 8:24am (Sydney Time)|fxww, USD/JPY|0 Comments

USD/JPY: Still prefer the short-term sell-rally strategy

The market remains bullish USD/JPY and it also remains long and susceptible to short-term clean-outs on the downside. The bulls have drawn a line in the sand near 101.25 […]

By |April 14th, 2014 2:57pm (Sydney Time)|fxww, USD/JPY|0 Comments