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 […]
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 […]
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 […]
- Weekly intermediate bullish trendline comes in near 101.40;
- Series of daily lows near 101.20;
- Daily trend lows 100.75;
- Heavy ‘liquidation’ stop-loss orders from macro funds reported below 101.00.
I’m not too sure what to do with USD/JPY. Overall it looks like we are in a holding pattern somewhere between 101/105 and that we will see 110+ once […]
Some well-connected traders in the FXWW chat-room are speculating that even better connected types were behind the overnight USD sell-off! With the latest Fed minutes due out tomorrow, perhaps […]
The most obvious trade at this very moment in time is to be long Yen, or at the very least not to be short! Increasing tensions in the Ukraine […]
Some of the JPY crosses (particularly EUR/JPY) are starting to look a bit ‘toppy’ and if the crosses turn lower then USD/JPY will also struggle to maintain any bullish […]
I haven’t been trading this pair, although I did take a small long in CAD/JPY near current levels based on the basing formation break. Buying USD/JPY near trend highs […]
I saw one of the more experienced and successful intraday traders go long this pair yesterday near 103.25 with a very reasonable target at 103.85. He obviously […]
- The market remains very bullish on USD/JPY but market positioning is also still quite long;
- End-of-financial-year flows are now done and we will see the new-financial-year hedging start as early […]
Sorry, I’ve got no clues on USD/JPY.
AUD/JPY looks very bullish but resistance is pretty strong near 94.50 whilst EUR/JPY looks bearish but has solid support 140.20/40.
End-of-financial year flows in […]
The currency pair formerly known as USD/JPY
Whatever happened to the movement and volatility which we had come to expect? The end-of-financial-year flows (March 31 in Japan) must be […]
I’m sure that the market will be getting bullish at the top and bearish at the bottom, but further range tarding is the likely outcome for USD/JPY.
I expect extended […]
USD/JPY as usual will be all about stop-loss runs. The market is bullish and wants to buy. but momentum simply isn’t strong enough and the Yen shorts are constantly […]
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 […]
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 […]
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 […]