JPY Trading Outlook


 
15.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012

10th April

Calendar

CHF – Swiss CPI m/m at 07:15 (GMT) Forecast 0.3%

GBP – Manufacturing Production m/m at 08:30(GMT) Forecast 0.4%

CAD – Building Permit m/m at 12:30(GMT) Forecast 3.7%

 

26th March

Euro (EUR) is falling against the Swiss franc (CHF). The pair has had a floor set by the Swiss National Bank (SNB) at 1.2000, however the economic environment favors capital flows to the stable and independent nation of Switzerland. If the single currency continues to strengthen then traders should expect an intervention by the SNB.

26th March

INTRADAY CONCLUSION: Prices have stalled near previous highs at 1.0480 and this leaves me more inclined to be short near current levels at 1.0460. Keep intraday short-stops tight above yesterday’s highs and be happy with 70/80 pip profits as support will be solid at 1.0350/70. Bulls should be patient and wait for intraday dips. Much will depend on what happens in the crosses so keep a sharp eye on the big levels there.

 

TRADE OF THE DAY: Yesterday’s idea was almost perfect, picking up the 130 pip fall in USD/JPY, and I still think there are more Yen gains ahead. With the AUD/USD starting to look a bit overbought, today might be the day to position ourselves for a bearish break in AUD/JPY. Sell intraday rallies to 98.90 with stop above 99.50 looking for 96.00.

 

Good luck out there.

26th March

INTRADAY CONCLUSION: Prices have stalled near previous highs at 1.0480 and this leaves me more inclined to be short near current levels at 1.0460. Keep intraday short-stops tight above yesterday’s highs and be happy with 70/80 pip profits as support will be solid at 1.0350/70. Bulls should be patient and wait for intraday dips. Much will depend on what happens in the crosses so keep a sharp eye on the big levels there.

 

TRADE OF THE DAY: Yesterday’s idea was almost perfect, picking up the 130 pip fall in USD/JPY, and I still think there are more Yen gains ahead. With the AUD/USD starting to look a bit overbought, today might be the day to position ourselves for a bearish break in AUD/JPY. Sell intraday rallies to 98.90 with stop above 99.50 looking for 96.00.

 

Good luck out there.

25th March


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