Learning Forex Terms: "relatively bid" | Forex Factory

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Learning Forex Terms: "relatively bid"

  • #1
  • First Post: Oct 17, 2006 8:55pm Oct 17, 2006 8:55pm
Quote
USD/JPY remains relatively bid

What does the above phrase mean?

Does it imply that the above pair is bullish or bearish?
  • #2
  • Oct 17, 2006 9:45pm Oct 17, 2006 9:45pm
USD/JPY remains relatively strong with more Bids than Asks would be my interpretation.
Quoting BurgerKing
What does the phrase "USD/JPY remains relatively bid" mean?

Does it imply that the above pair is bullish or bearish?
  • #3
  • Last Post: Oct 17, 2006 9:58pm Oct 17, 2006 9:58pm
OK Thanks!

So that means, there is more buyer of the pair than selles.

Would you know the implication of NZ's CB concern on JPY currencey carry trades?
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