Open/Wrap

Very little to report from Asian session

  • Chinese New Year holiday, with all major financial centres closed except for Sydney.
  • Yen gained some ground primarily on back of AUD/JPY selling.
  • Market suspects that Japanese officials will ease back on Yen-bearish rhetoric as G20 approaches.
  • One of candidates for BOJ Governorship says that easing policy is justified (obviously not listening to market).
  • Yen moved back to opening levels and EUR/AUD has been main session mover, up around 50 pips on the day.
  • Japan returns tomorrow, Singapore on Wednesday, HK on Thursday and China is closed all week.
  1. Hello Sean,

    Quite a few opportunities in eur/usd, eur/aud this week.

    I am thinking cable longs around 5720-30 for 5835-45? and eventually 5880-5920.

    Will that long work out until the inflation report, reading of which is supposed to be pound sober reading and slightly bullish?

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