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25 Feb 2013

Forex Flash: Short EUR/USD - OCBC Bank

Emmanuel Ng of OCBC Bank comments that he recently went short EUR/USD.

He writes, “We look to a short EUR-USD (spot ref Monday: 1.3177) targeting 1.2910 with a stop placed at 1.3315. EZ news flow is expected to continue to keep the markets tentative in the coming sessions with Italian political headlines on tap while the background economic landscape remains somewhat uncertain.”
Feb 25, 2013

Forex Flash: Yen weakens in anticipation of more aggressive BoJ easing - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Yen has weakened in the Asian trading session with USD/JPY climbing to within touching distance of the 95.0-level following speculation in the Japanese media over the weekend that ADB President Kuroda is the leading candidate to be the next BoJ Governor.
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Feb 25, 2013

Forex: USD/JPY falls below 94.00 level as overnight gains dissipate

Earlier today, the USD/JPY rose to a new multi-year high of 94.77 overnight after several Japanese newspapers reported that Haruhiko Kuroda has won the government's nomination for Bank of Japan Governor. However, the pair has seen its gains evaporate across European trading Monday, as it fell below the 94.00 level in recent moments, trading at session lows at 93.88/89.
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