Category in USD/JPY

Month-end flows will drive markets today and tomorrow

Like I mentioned earlier today, most of the market is focussing on expected heavy end-of-month flows from the big institutional asset managers who will be rebalancing after big moves on stock and debt markets worldwide. Most expect these flows to be USD-negative but the AUD is also expected to come in for some heavy selling.

USD/CHF main mover as bulls try to regain control

The two big risk-on dollar trades had big days yesterday with USD/JPY rising during the Asian session and USD/CHF rising sharply in overnight trade after strong US economic data. Both of these pairs are trading near resistance levels at 102.50 and .9800 respectively and whilst I’m still long and bullish on USD/CHF, I think it’s

USD/JPY: Plenty of buyers, stop-loss sellers, and option levels

It will not be one-way traffic in the USD/JPY in either direction, with very large interest seen both sides of the market. Bids are reportedly large and at regular intervals on the approach to 100.00. Stop-loss sell orders below 99.80 are even bigger, according to Prime Brokerage reports. Option interest at 100.00 and at 104.00