-
Japanese exporters driving the USD/JPY lower
Been told they were behind the dip over the last hour to session lows around 79.36 which is just about where we are now. Sell stops are set on a break of 79.30 ahead of a host of bids in the 79.00/20 region from Japanese postal funds, option names and semi-officials. 78.99 is also the current 200 day MA which should also lend support, but the levels could well get tested should EUR/JPY break 97.50 and trigger some sell stops, USD/JPY’s at 79.38 with the EUR/JPY sitting around 97.58
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 10, 2012 3:27am Jul 10, 2012 3:27am
- shahram_s
- | Joined Apr 2012 | Status: Member | 35 Comments
- Comment #2
- Quote
- Jul 10, 2012 3:32am Jul 10, 2012 3:32am
- jegas
- Joined Oct 2011 | Status: Forex is an Unpredicatable Game.... | 1208 Comments
- Comment #3
- Quote
- Jul 10, 2012 3:33am Jul 10, 2012 3:33am
- eqshack
- Joined Jul 2011 | Status: Lord Of War | 1002 Comments
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- Comment #4
- Quote
- Jul 10, 2012 3:37am Jul 10, 2012 3:37am
- Guest
- | IP XX.XX.176.104
- Comment #5
- Quote
- Jul 10, 2012 3:56am Jul 10, 2012 3:56am
- costas
- | Joined Jul 2012 | Status: Junior Member | 1 Comment
- Comment #6
- Quote
- Jul 10, 2012 4:20am Jul 10, 2012 4:20am
- holmes
- | Joined Jun 2010 | Status: Member | 306 Comments
- Comment #7
- Quote
- Jul 10, 2012 4:21am Jul 10, 2012 4:21am
- holmes
- | Joined Jun 2010 | Status: Member | 306 Comments
- Comment #8
- Quote
- Jul 10, 2012 4:27am Jul 10, 2012 4:27am
- siewhf
- | Joined Jul 2008 | Status: Member | 123 Comments
- Comment #9
- Quote
- Jul 10, 2012 4:44am Jul 10, 2012 4:44am
- Qiryani
- | Joined Jun 2012 | Status: Member | 169 Comments
- Comment #10
- Quote
- Jul 10, 2012 9:22am Jul 10, 2012 9:22am
- eqshack
- Joined Jul 2011 | Status: Lord Of War | 1002 Comments
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- Comment #11
- Quote
- Jul 10, 2012 7:30pm Jul 10, 2012 7:30pm
- fierceman
- | Joined Mar 2007 | Status: Seņor Member | 429 Comments