-
Yen demand returns in a rush as markets digest Abe's sales tax delay
We've seen a big demand for JPY in the wake of the sales tax hike delay 1 June As I highlighted in my previous post yen demand now picking up in the wake of Abe's sales tax hike delay. USDJPY 110.05 in a hurry from 110.55 after triggering stops through 110.50 and 110.30 . Demand/support at 110.00 the next hurdle with bids/support at 109.75 behind that. Rallies now should be limited to 110.50-80. Yen demand across the board helping to put downward pressure on core pairs. Nikkei still falling and now down -1.35%. Market perception appears to be that Abenomics is running out of ammo for further easing and/or a relief ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jun 1, 2016 1:36am Jun 1, 2016 1:36am
- Guest
- | IP XX.XX.246.254
- Comment #2
- Quote
- Jun 1, 2016 2:25am Jun 1, 2016 2:25am
- Bicarus
- Joined Nov 2014 | Status: Yoda | 231 Comments | Online Now
- Comment #3
- Quote
- Jun 1, 2016 2:49am Jun 1, 2016 2:49am
- Ojiego
- | Joined Jan 2015 | Status: Critical Source | 1018 Comments
- Comment #4
- Quote
- Jun 1, 2016 3:35am Jun 1, 2016 3:35am
- Guest
- | IP XXX.X.184.93
- Comment #5
- Quote
- Jun 1, 2016 3:39am Jun 1, 2016 3:39am
- NathanAhern
- | Joined Dec 2013 | Status: Member | 108 Comments
- Comment #6
- Quote
- Jun 1, 2016 3:45am Jun 1, 2016 3:45am
- Guest
- | IP XXX.XX.193.140
- Comment #7
- Quote
- Jun 1, 2016 3:46am Jun 1, 2016 3:46am
- Guest
- | IP XX.XX.33.45
- Comment #8
- Quote
- Jun 1, 2016 4:38am Jun 1, 2016 4:38am
- aplidielektr
- | Joined Nov 2015 | Status: Junior Member | 1 Comment
- Comment #9
- Quote
- Jun 1, 2016 4:57am Jun 1, 2016 4:57am
- ChinaTraderz
- | Joined Dec 2015 | Status: Sloth (Folivora) | 323 Comments
- Comment #10
- Quote
- Jun 1, 2016 6:29am Jun 1, 2016 6:29am
- Guest
- | IP XXX.X.184.93
- Comment #11
- Quote
- Jun 1, 2016 6:54am Jun 1, 2016 6:54am
- Guest
- | IP XXX.XX.193.140
- Comment #12
- Quote
- Jun 1, 2016 7:40am Jun 1, 2016 7:40am
- Guest
- | IP XXX.XX.228.168
- Comment #13
- Quote
- Jun 1, 2016 8:34am Jun 1, 2016 8:34am
- Guest
- | IP XXX.XXX.118.19
- Comment #14
- Quote
- Jun 1, 2016 9:18am Jun 1, 2016 9:18am
- Bicarus
- Joined Nov 2014 | Status: Yoda | 231 Comments | Online Now
- Comment #15
- Quote
- Jun 1, 2016 7:53pm Jun 1, 2016 7:53pm
- ScorpFX
- | Commercial Member | Joined Dec 2015 | 20 Comments