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26 Feb 2014

AUD/USD - Stops below 0.90 done

FXStreet (Bali) - AUD/USD has dropped over 40 pips in the first few minutes of Tokyo, falling from 0.9010 down towards 0.8967 session low.

There has been no headlines in the wires that could have triggered such a move down, suggesting a stop-loss run is the most likely reason as sellers get the upper hand very early in the Asian session.

The break lower, according to Jim Langlands, Founder at FXCharts, see 0.8920 (38.2% of 0.8659/0.90/0.9080/ daily cloud base) coming into focus as long as 0.8975 can be decisively broken.

Feb 26, 2014

USD/JPY remains on 102 post Tokyo open

USD/JPY is holding its own ahead of the 102 psychological handle on a subdued Tokyo open. Previously on the day however, the USD/JPY has been on the offer throughout late Asia yesterday, Europe and the US from 102.60.

Confirming you are not from the U.S. or the Philippines

AUD/USD - Stops below 0.90 done

USD/JPY remains on 102 post Tokyo open

Australia Construction Work Done down to -1% in 4Q from 3%