-
Strong yen demand around these levels
Strong demand seen in USD/JPY around 79.50 with more at 79.40 and stops below. Some intraday offers but nothing notable until the European highs, which are out of striking distance. EUR/JPY is a major factor as stops below 1.0160 were tripped down to nearly 101.00, where there is strong demand and stops below. Given the GDP numbers out of Japan and the relatively orderly decline in USD/JPY so far, the market is not on high alert about MOF intervention. The earlier think-tank report also makes traders think the BOJ is on the sidelines. Given the support levels, however, a bounce is more likely here than further ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 17, 2012 11:45am May 17, 2012 11:45am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #2
- Quote
- May 17, 2012 12:03pm May 17, 2012 12:03pm
- Guest
- | IP XXX.XXX.58.68
- Comment #3
- Quote
- May 17, 2012 12:10pm May 17, 2012 12:10pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #4
- Quote
- May 17, 2012 12:13pm May 17, 2012 12:13pm
- kayla2011
- | Joined Apr 2012 | Status: Member | 58 Comments
- Comment #5
- Quote
- May 17, 2012 12:14pm May 17, 2012 12:14pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #6
- Quote
- May 17, 2012 12:15pm May 17, 2012 12:15pm
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #7
- Quote
- May 17, 2012 12:16pm May 17, 2012 12:16pm
- kayla2011
- | Joined Apr 2012 | Status: Member | 58 Comments
- Comment #8
- Quote
- May 17, 2012 12:17pm May 17, 2012 12:17pm
- doctortyby
- | Commercial Member | Joined Aug 2011 | 158 Comments
- Comment #9
- Quote
- May 17, 2012 12:17pm May 17, 2012 12:17pm
- doctortyby
- | Commercial Member | Joined Aug 2011 | 158 Comments
- Comment #10
- Quote
- May 17, 2012 12:20pm May 17, 2012 12:20pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #11
- Quote
- May 17, 2012 12:25pm May 17, 2012 12:25pm
- kayla2011
- | Joined Apr 2012 | Status: Member | 58 Comments
- Comment #12
- Quote
- May 17, 2012 12:25pm May 17, 2012 12:25pm
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #13
- Quote
- May 17, 2012 12:45pm May 17, 2012 12:45pm
- ryknowtrade
- | Joined Sep 2010 | Status: Member | 147 Comments
- Comment #14
- Quote
- May 17, 2012 1:38pm May 17, 2012 1:38pm
- moaf
- | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments