January 15, 2015
USD/JPY: No strong ideas today
Many of the big stops, that we've been talking about for the last 2 days, were done overnight and a…
January 14, 2015
USD/JPY: Playing from short side again today
The market stalled in NY trade at a technical support level near 117.55 and with fundamentals still…
January 13, 2015
USD/JPY: Selling rallies preferred in short-term
My sources tell me that option players are very heavily skewed in USD/JPY and that hedges will need…
December 9, 2014
USD/JPY: Pick a wide range, looks like it will be whippy
E-commerce dealers at the major banks were reporting sharply reduced liquidity yesterday and this…
November 19, 2014
USD/JPY: Significant optionality at 117.50 should provide solid resistance first up
Normally these big optionality levels prove solid on the first test at least and I've been hearing…
November 14, 2014
USD/JPY: Feels like typical bullish consolidation- next target 117.50
Every pullback seems to run into a myriad of bids and this type of sideways trading after a big…
November 12, 2014
USD/JPY: Plenty of volatility, direction still bullish
The day-traders can't complain about the opportunities in USD/JPY with multiple opportunities to…
November 7, 2014
USD/JPY: Loss taken on short position, time to look for intraday swings
The patient and alert trader had some very nice chances yesterday to pick up decent intraday swings…
November 6, 2014
Currency wars -Korea will manage Won to move in line with Yen #FXWWchatroom
The race to the bottom just got even more crowded with Reuters reporting that the Korean…
November 6, 2014
USD/JPY: Showing no sign of easing whatsoever
The vertical uptrend in USD/JPY is showing no signs of wanting to consolidate and fresh highs are…
November 5, 2014
USD/JPY: Short-term toppy near 113.80
I'm hearing a few snippets from around the market regarding downside stops in USD/JPY and in…
November 3, 2014
USD/JPY: Still running small short position
My short USD/JPY trade didn't look great on Friday night and it looks even worse now, well over 100…
October 31, 2014
USD/JPY: Looking to build medium-term shorts into 50% retracement level at 111.65
The market was certainly taken by surprise by the BOJ's additional easing but a closer look at the…
October 27, 2014
USD/JPY: Risk-reward favours long-term top-pickers
Picking levels in USD/JPY is will nigh impossible and it really is a matter of watching the market…
October 8, 2014
USD/JPY: Positional liquidation the main driver
From the FXWW chatroom: I'm continuing to hear reports of hedge funds having to return money to…
October 3, 2014
USD/JPY: Risk-off Friday, shorts preferred
There will be a lot of long positions in the market who are feeling very unsure right now. They got…
October 2, 2014
JPY crosses: Profit taking and trailing stops
The professional market has been short JPY across the board and we saw some hefty profit taking…
October 1, 2014
USD/JPY barriers: One down one to go
A large barrier at 109.75 has been knocked out so we can turn our attention to the next one at…