Flows and Orders/JPY crosses/USD/JPY

Some hedge fund interest to buy USD/JPY

Dealers say that demand for USD/JPY has been very steady over the past 2 hours but that EUR/JPY offers above 103.20 have slowed down momentum. Looks like the market is happy to take a punt on the BOJ over-delivering on its easing measures. I’m happy to stay out of it and hope for some good opportunities if volatility picks up in the afternoon.

  1. hi, sean,

    any particular theme or catalyst to short EY? I always worried OMT, when Spain is going to ask bail out, and it will turn good to EUR.

    Thanks

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