Quick overview of Asian market

It was all about the Yen today after the Japanese general election. USD/JPY opened near 84.25 in early interbank trade and topped out near 84.40 before falling back on profit taking. EUR/USD triggered stops above 1.3175 but fell back on EUR/JPY selling.
The Nikkei rose on the prospect of more government easing measures and other regional Bourses were slightly lower.
The AUD was steady, unaffected by 3 separate bank-analyst reports which all had dovish overtones for Australian interest rates in 2013.

  1. Good afternoon Sean,

    Well done for this overnight move on EUR/JPY. What do you think with the cable ? Is it the same backdrop with options players ?

Leave a Reply

Your email address will not be published. Required fields are marked *