Comments on: USD/JPY: Looking soft again after BOJ do nothing

By: Sean Lee

Sean Lee — Thu, 11 Jul 2013 03:37:38 +0000

Sorry Jack, no strong view on NZD/CHF, the easy buy opp was at 72 a few weeks back, really not sure what happens from here

By: Sean Lee

Sean Lee — Thu, 11 Jul 2013 03:36:15 +0000

Definitely agree Jason, all I’m saying is that IF AUD/JPY gets hit then first move could be lower in AUD/USD but still inside range.

By: Jason Jin

Jason Jin — Thu, 11 Jul 2013 03:33:44 +0000

Sean, I thought this is a squeeze on USD longs and it just started. I agree with you that 0.9330 is a key level to watch. But even AUD/JPY turns ugly that doesn’t mean AUD/USD would follow. Do you remember just recently when USD/JPY at 94 EUR/USD was just below 1.35? The cross was low around 126. If this is similar to USD longs covering last time, we could well see AUD/USD at 0.95, USD/JPY at 95 and the cross is around 90…

By: JACK

JACK — Thu, 11 Jul 2013 03:33:25 +0000

Hi Sean, may I know what your short term view to NZDCHF, it seen like 55 MA as resistance, I’m bought @ 0.751, thanks

By: Sean Lee

Sean Lee — Thu, 11 Jul 2013 03:13:02 +0000

Yes overall, but if AUD/JPY gets smashed then AUD/USD will struggle to jump in straight line. That’s why I will book some P on fail at 9330ish and then rebuy on dips. Lets see how it develops

By: James

James — Thu, 11 Jul 2013 03:08:12 +0000

I am not following your post here Sean. I thought you were bullish AUDUSD??