January 3, 2013
Liquidity to stay poor for next two days
We can expect more choppy illiquid trade for the next two days although the market is returning to…
January 3, 2013
Levels to watch for today during Asian FX trade
EUR/USDUSD/JPYFlows and OrdersAUD,NZDEUR crosses
USD/JPY: 61.8% retracement of 95.00/75.60 comes in near 87.60 which was the approximate high…
January 2, 2013
USD steadies but set to remain under pressure
We've seen some decent sized moves today in USD/AXY with USD/KRW down at 16-month lows and the big…
January 2, 2013
USD/JPY technicals: Next resistance at 87.55
The 61.8% retracement of the fall from 94.95 to 75.60 comes in at 87.55 and this level should be…
December 31, 2012
USD/JPY: Whippy as retail market opens
Looks to me as if some stops were triggered below 85.70 in very thin trade. Market dipped from…
December 27, 2012
Japan Chamber of Commerce: Happy to see USD/JPY in 85.00/90.00 range
The head of the Japanese Chamber of Commerce is being quoted on Dow Jones as saying that JPY85 is…
December 27, 2012
New Japanese FinMin named
Taro Aso is the 6th finance minister in recent years and is well known for his willingness to open…
December 27, 2012
USD/JPY holding firm above 85.50
It will be interesting to see what the market does today in USD/JPY; the pair has broken marginally…
December 26, 2012
USD/JPY: Technical target reached and bulls need to be careful
As we know, the professional market is very long of this pair and was able to make more easy…
December 20, 2012
USD/JPY: Talk of real money buying interest 83.60/70
I'm not sure if I place a whole lot of faith in these reports as in my experience, most of the…
December 20, 2012
USD/JPY: Bit of a worry when commentators start talking about “one-way bets”
These one-way bets are hard to find and are usually referred to as such, after the race has been…
December 20, 2012
Buy the rumour sell the fact
One of the oldest sayings in the market but also one of the truest. The market is very short of…
December 20, 2012
BOJ: Expands asset buying program by Yen10 trillion
EUR/JPY popped up on first reaction but with no mention so far of inflation targets it fell back…
December 20, 2012
Yen crosses steady as BOJ decision time approaches
The rate announcement could come at any time but its the subsequent statement which is the most…
December 19, 2012
Big levels to watch for during the European session ahead
AUD,NZDGBP crossesFlows and OrdersUSD/JPY
AUD/USD: 1.0510 was the previous high which has held firm for two tests over last few days; watch…
December 18, 2012
USD/JPY flows: Real money buyers noted near overnight lows
The amounts were quite small and it's surprising that these sort of players are spied at all near…
December 18, 2012
USD/JPY getting small lift from fiscal cliff press reports
I don't see anything new in this (and I think this whole fiscal cliff saga is a non-event) but…
December 17, 2012
Downside stops in EUR/USD and AUD/USD
EUR/USDUSD/JPYFlows and OrdersAUD,NZDJPY crosses
Stop-loss sell orders getting mentioned on the early European grapevine with 1.3115 in EUR/USD and…