Flows and Orders/JPY crosses

EUR/JPY: Hedge funds selling

Two hedge funds, one out of Singapore and the other out of Zurich, seen selling EUR/JPY in recent trade. The pair is about 15 pips lower in the last hour despite fairly favourable conditions after reported fiscal cliff progress.

  1. Maybe so Dok, I’ve only got very small short position just to keep me interested plus its a challenge to try and get losing position back into the black. I’m trying to remember the last time I was really confident about where the market was headed; that was a long time ago feels like 🙁

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