Comments on: JPY demand expected at Tokyo fix

By: Sean Lee

Sean Lee — Thu, 27 Sep 2012 01:55:23 +0000

All just noise at moment Zach, wait until the European big hitters come in and we may see some movement pre-Spanish announcements

By: Sean Lee

Sean Lee — Thu, 27 Sep 2012 01:53:03 +0000

Hi Vlad, there are so many flows on a daily basis that I tend to try and ignore them when coming up with trade views. Flows like this are maybe good for 15/25 pips and that presumes that you have perfect info and get in exactly as the flow starts, which is very difficult

By: Zach Nester

Zach Nester — Thu, 27 Sep 2012 01:38:13 +0000

And Boom! It broke down as I was typing the previous post, lol. Oh well, if our EUR/JPY trades don’t work out we will at least have the satisfaction of knowing that great minds think alike! 🙂 Cheers Sean

By: Zach Nester

Zach Nester — Thu, 27 Sep 2012 01:36:16 +0000

Yeah, I didn’t think it would move the markets too much, as I figured most of the yen re-balancing was over with. But I did take basically the same trade that you did, long EUR/JPY from 99.99. I’m a bit afraid of the AUD being what could really screw us in this trade though, obviously through the movements in EUR/AUD, which looks like it has been forming a bear flag that should break down fairly soon.

By: vlad

vlad — Thu, 27 Sep 2012 01:12:45 +0000

If you expect to have decent demand for JPY why would you recommend EUR/JPY buy?