OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Short JPY holdings will not be easily washed out – RBS

As FX Trading Strategist at RBS Greg Gibbs notes: “Short JPY positions remain one of the most held FX position in the market,” he says, while USD/JPY trades last at 93.37, off fresh session and 4-day highs at 93.70, adding: “But the peak short position reported on the IMM was at end December."

"There has been some consolidation of these positions over the last two months," he expands: "The holders of these positions haven’t been shocked by a major correction, but there have been some gyrations to ensure those holding short JPY are playing for bigger picture and will not be easily washed out,” Greg concludes.

Forex: USD/JPY to session lows not too convinced on Kuroda's words

With local share markets deeply in the red but Nikkei index that prints fresh 4 year highs above the 11700 points mark, going against the current negative flow in equities, USD/JPY test session lows last at 93.33, off recent session highs at 93.73. BoJ nominee Kuroda is still talking to Japan parliament ahead of next March 11 vote, saying he will do “whatever it takes” to end deflation in the country.
Read more Previous

Forex Flash: Exiting USD/TWD short - Westpac

Westpac has exited a short USD/TWD position with the reasoning that "the atmospherics around Asian currencies is at risk of turning more bearish in the near term."
Read more Next
Start livechat