Quick overview of the Asian FX market
- Market in waiting mode ahead of Greek debt conference:
- Quiet start to interbank trading week suggested no major stops close to the market:
- JPY crosses rose to session highs on the Tokyo open on what looked like investment fund demand:
- The Yen has gradually strengthened since then with profit-taking blamed for most flows:
- Most major USD pairs traded in 25 pip ranges just below their closing levels from last week.
Been following yr website & learning a lot.Pls keep up the good work
E/yen & gb/yen Be grateful for any indication on intraday high & low for e/yen(u did say that sell @ 107.35) & gb/yen–repeat intraday
Tks
Ok, USDJPY is giving me that “” Gut feeling and I am starting to shift neutral / bearish mode for long to medium term…with 80.00 initial downside targets, will share some charts tonight and will love your opinion.
For time being, I am working on my shrot position(from Friday) and starting to calculate further moves.
Have taken a loss earlier last week