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Forex Flash: USD/JPY keeps eye on pending BoJ appointment - OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY may remain indelibly northbound pending further news flow pertaining to the BOJ governorship nominations this week.

He writes, “In the interim, the pair may attempt to inhabit the upper reaches of a 91.50-95.75 range. Notably, net speculative CFTC JPY shorts were also deepened in the latest week.” Looking to AUD/USD he notes that in the near term, AUD/USD may remain trapped in a heavy range amid a capitulation in the global risk environment. He finishes by writing, “On the CFTC front, CFTC net speculative AUD longs were pared in the latest week and the AUD-USD may continue to run into resistance towards the 200-day MA (1.0329) while downside risks towards 1.0220 remains visible pending further risk appetite developments.”

Forex Flash: CAD continues to underperform - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that CAD has continued to underperform in 2013.
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Forex: EUR/USD in fresh highs around 1.3240/45

The shared currency is hovering over the area of 1.3240/45 on Monday, where a combination of risk appetite plus buying interest is pushing the cross to session highs...
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