Open/Wrap

Quick overview of Asian FX market

  • Japanese Tankan manufacturing sentiment at 3-year lows:
  • HSBC China manufacturing PMI slightly better than expected at 50.9:
  • Rumours (usual Friday fare) about a possible Chinese weekend rate cut:
  • Regional stocks +0.4% on average:
  • Gold $1698/oz:
  • AUD/USD tested support at 1.0510 pre-PMI but rallied thereafter:
  • EUR/JPY makes fresh recent highs above 109.80, more Japanese retail investment fund buying noted. 
  1. Good afternoon Sean,

    Thanks for the email. I have bought back this morning at 0.8116, i am not really confortable above 8110. I am little disappointed with this trade, i have started by an long position above 0.8100 and i have shorted for play the swings which were never realized (c’est la vie 😉 ) but I am currently learning. I have set up SL at 0.8172. Nobody can stop the EUR/JPY train ???

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