OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Lots of concern over the recent JGB move - Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that there has been notable conern in the market over the recent move in JGBs.

He feels that the core of the debate is whether this is the repricing of another isolated asset class, playing catch-up with other curves (e.g. UST and blame regional banks VaR risk mgt) or it is something more sinister. Galy writes, “Is the implication to limit eventually the topside in USD/JPY as Japanese real money prefers to grab yield at home? I presume so. Kit is working on this topic as he heads back from a conference in Sweden and we have our JGB specialists. I am head down on valuation metrics ahead of a long marketing round in Europe mid June.”

Forex: NZD/USD hits session lots at 0.8174/80

The NZD/USD has erased its daily gains, entrenching itself in negative territory and establishing fresh session lows in these moments at the 0.8174/80. After yesterday’s risk-off movement, antipodean currencies have faced headwinds on a USD recovery this week. At the time of writing, the cross now finds itself -0.16% off its opening during European trading.
Read more Previous

Forex: USD/CHF testing resistance near 0.9700 barrier

The USD/CHF has catapulted itself higher this week, breaching the 0.9700 barrier and establishing fresh highs Wednesday during European trading at 0.9717. However, this level has recently capped the advance, as the pair is now easing back towards the 0.9700 mark in these moments, checked by resistance.
Read more Next
Start livechat