Posted on - October 21, 2014 7:36 am (Australia/Sydney) |
USD/JPY ran into decent selling interest yesterday near 107.35, which is unsurprising given that it had rallied 200 pips off last week’s lows. The other main Yen crosses have basically held onto their gains as the USD weakened moderately across the board. The GPIF news from the weekend is still very relevant for the Yen […]
Posted on - October 20, 2014 10:06 am (Australia/Sydney) |
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Posted on - October 20, 2014 8:54 am (Australia/Sydney) |
GPIF news from the weekend will have an impact on AUD/JPY sentiment; There is still expected to be some residual interest from Sovereign players to buy AUD/USD for bond issuances; Charts show short-term consolidation between .8650/.8850. The market has opened around .8760 this morning and I’m playing this pair with a bullish bias.
Posted on - October 20, 2014 8:40 am (Australia/Sydney) |
Reuters are reporting the following: According to sources, the Japan government pension fund (GPIF) – the world’s biggest with a 1.2trln USD war chest – is being urged to cut low yielding JGB holdings and increase their equity holdings from 12% to around 25% in order to boost returns. The proposal is for the GPIF […]
Posted on - October 20, 2014 8:01 am (Australia/Sydney) |
Jittery stock-markets and tumbling commodity prices ensured that the JPY crosses had a volatile week and I think we can expect more of the same this week. In terms of volatility that is; I’m really not sure which way they go but pairs like GBP/JPY and CAD/JPY should see plenty of two-way action. The big […]