https://fxww.com/eurjpy-bit-of-caution-advised-as-rumours-swirl/ The Professional Source Tue, 06 Nov 2012 09:20:10 +0000 hourly 1 https://fxww.com/eurjpy-bit-of-caution-advised-as-rumours-swirl/#comment-4259 Tue, 06 Nov 2012 09:20:10 +0000 http://fxww.dreamhosters.com/?p=2250#comment-4259 Yeah, the story goes that the big macro funds have piled into this pair hoping for a huge end-of-year move higher and that they are sitting on very large (some individual positions could be EUR10 billion). As election nears, they get scared and start to cover. Of course the mkt is small and most of ‘in’ players know this so its pretty easy to start rumours as well, so I don’t believe everything until price action confirms it

]]> https://fxww.com/eurjpy-bit-of-caution-advised-as-rumours-swirl/#comment-4255 Tue, 06 Nov 2012 09:12:46 +0000 http://fxww.dreamhosters.com/?p=2250#comment-4255 That reminds me, one month ago , you have wrote a piece on hedge fund’s position for this pair since we have topped 104 and we failed to break out at this level 😉

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