EUR/JPY has fallen swiftly from 134.80 to 134.35 as early Tokyo enters the market and obviously decides it does not want to buy anymore. Dealers report a lot of offers appearing in USD/JPY, some in very decent size and this is obviously weighing on the crosses. Bids were reported earlier at 97.50 in USD/JPY although the bigger bids are tipped at 97.25.
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Early Tokyo showing its hand; JPY crosses lower
June 16 2009, 2:54am | Comments »
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EUR/JPY drifting lower
EUR/USD is back at it’s opening level of 1.3890 and USD/JPY is on it’s session lows at 98.25. This means of course that EUR/JPY is lower, currently trading at 136.50 after posting a high at 137.30 earlier in the session. Dealers say that interest is very low and it is a case of small stops going off.
June 9 2009, 5:38am | Comments »
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EUR/USD trying to steady at lower levels
EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of their earlier losses which may be giving the pairing some tenuous support. Technical supports now 1.3805/10 and 1.3795. Resistance initially at 1.3875/80.
June 8 2009, 2:59pm | Comments »
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