USD/JPY: Expect tight 97.40/80 range


This pair is stuck between the 200-dma at 97.38 and reported corporate sell orders at 97.80. I'm…

USD/JPY: Dead-heat in race to the bottom


The market doesn't like either currency at the moment and broad sideways trading is very likely to…

AUD/JPY: Significant defence of 95.00 barrier


One of the bigger Japanese banks has confirmed that a large barrier is in place at 95.00, just as…

USD/JPY: 97.50 looming as next important support point


Falling US yields will add to the bearish pressure here; Reduced possibility of a tapering event…

USD/JPY: Both components looking like funding currencies


With tapering in the US looking less likely, the market has been ploughing back into 'risk-on'…

AUD/JPY: Technical resistance at 94.40/70


Recent highs and the 200-DMA are looming nearby at 94.45/65 respectively (see chart). Temporary…

EUR/JPY: Think I stopped out near the top


Certainly not the first time I've been stopped out near the top and probably won't be the last. My…

It’s hip to be square


I think this is a very good time to have no positions in the FX market. These risk events like the…

AUD opens lower after poor Chinese export data and lack of progress in US debt talks


Chinese exports in September fell to -0.3% YoY (+6.0% expected); Still no sign of a resolution to…

EUR/JPY: Hoping to exit short position near 132.75


Sentiment is quite bullish on the Yen crosses and my attempt at going short yesterday near 132.10…

Headline driven market, with Toshins in background


There are a number of new Japanese investment fund issues (Toshins) which have led to quite solid…

Risk trades fall as Obama rejects short-term debt plan


USD/JPY is down nearly 40 pips on the headlines which have been coming over Twitter. Best wait for…

Yen weakness looked impulsive; more to come?


I'm on the wrong side of this having sold EUR/JPY yesterday near 132.00. I'm hoping for some early…

EUR/JPY: Small short in play


I was in sell-rally mode this morning in EUR/JPY and am dipping my toes in the water with a small…

European open: Still prefer to play market from short-USD side


USD/JPY broke below the 200-DMA at 96.68 but failed to trigger stops below 96.50; Semi-official…

JPY crosses bounced off key support levels


NZD/JPY (see chart) support at 80.40 remains untested; AUD/JPY (see chart) shows similar picture…

EUR/JPY lower in early interbank trade


The budget impasse and likely government shut-down in the US has heightened risk aversion across…

NZD still losing ground against the JPY and the AUD


This morning's trade data (New Zealand (NZD) Imports (AUG): $4.52B, Expected: $4.30B, Previous:…