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Category Archives: FX Street

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JPY: Technical indicators were mixed – BBH

Analysts at BBH, note that the yen closed higher against the dollar every day last week until Friday and the buying appears to have been led by Japanese participants.  Key Quotes “The dollar was sold in Asia every day and before the weekend it was driven

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NZD/USD back-and-forth on thin Monday trading, back to test 0.7390

NZD/USD lacking decisive moves in thin market volumes. Pair trading at highs, but downside pressure strong. NZD/USD is declining in the latter half of the Tokyo session, currently testing the 0.7390 region after reaching a peak of 0.7409. This is gearing up to be a quiet Monday,

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GBP/JPY looking to claim the 149.30 handle in Tokyo market

GBP/JPY lifting on thin Asia markets. Brexit continues to loom ahead of data-heavy week. GBP/JPY is testing higher in Tokyo trading, currently on a push over the 149.30 handle. With China’s banking system off the cards today as the country celebrates Chinese New Year, Asia

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Japan: External demand remains strong – Capital Economics

Marcel Thieliant, Senior Japan Economist at Capital Economics, notes that Japanese trade values were distorted in January by seasonal swings ahead of the Lunar New Year and the bigger picture is that external demand remains robust. Key Quotes “Export values picked up from 9.3% y/y

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EUR: Uncertainty to prevail? – BBH

The euro snapped a five-day advance ahead of the weekend and it initially made new highs since late 2014 but proceeded to sell off through the previous day’s low, notes the research team at BBH.  Key Quotes “It also closed below the previous days low to

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AUD/USD risk reversals retrace bearish bias

AUD/USD risk reversals hit the two-week high. Currently, AUD/USD one-month 25 delta risk reversals stand at -0.90 (AUD 0.90 puts) – the highest level since Feb. 5. The recent low was -1.20 (AUD 1.2 puts). The improvement indicates the premium claimed by AUD puts has

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GBP/USD: Lack of EU-Brexit deal could threaten Sterling bull run

GBP/USD bullish attitude still in play. Recent shortselling has left pair exposed. Brexit risks continue to cast long shadows. GBP/USD is trading in the 1.4040-50 area in Tokyo trading, lifting in Asia markets from the week’s open at 1.4013.  The Sterling appears to be lifted

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USD/JPY – stuck in a 40-pips range

Stuck in 106.00-106.40 range.  Risk reversals retrace JPY call bias.  USD/JPY has been restricted to a narrow range of 106.00-106.40 since Friday’s late NY trading and the risk reversals indicate the range could be breached on the higher side.  As of writing, the spot is