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…

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…

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…

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…

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…

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…

USD: Sentiment still bearish but some big support levels continue to hold


USD/JPY: Until we get a strong daily close below the 200-dma (currently at 97.38), the bulls will…

FX market staying very slow mid-way through Asian trade


AUD a bit higher across the board with technical buying against the EUR and JPY helping the…

USD/JPY opens higher in Asia on mainly technical buying


The failure to end last week below the 200-DMA, today just below 97.40, has encouraged a bout of…

Stops aplenty in cable and USD/JPY


There are rumours that the BoK started buying cable, recycling their earlier intervention, and…

USD/JPY: Sitting right on the 200-DMA


Heavy offers reported between 97.70/85; Technical support at 97.25 200-DMA (see chart); Weekly…

USD/JPY: Market watching for daily close below 200-DMA (worth 530 pips?)


Obviously all charts have slightly different data but the ones I've seen have the 200-DMA coming…

USD/JPY: 97.50 looming as next important support point


Falling US yields will add to the bearish pressure here; Reduced possibility of a tapering event…

USD/JPY: Both components looking like funding currencies


With tapering in the US looking less likely, the market has been ploughing back into 'risk-on'…

USD/JPY: Looks to have topside scope to 99.50


The daily chart is still in a sideways pattern with scope for a move towards 99.50 (see chart);…

No obvious trades as markets stay in doldrums


Nobody wants to trade ahead of tomorrow's deadline and I'm certainly not blaming them. EUR/GBP:…

Fitch places US on Rating Watch


USD/JPY has dipped to 98.00 after the announcement. No big surprise here, we had been warned that…

USD/JPY: Time for a bearish session perhaps?


Lack of progress in Washington will be bearish for USD; Chinese data will be bearish for risk;…