BNP Paribas – Stay short AUD & USD/JPY to rise further

From the French bank’s stat team: AUD weakness justified…..stay short AUD AUD’s weakness this morning is no surprise given the stretched positioning amid the weakness of the …
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Intraday players pushing for stops above 104.250

USDJPY Daily This market continues to find a bid tone with the bulls now pushing for stops above the 104.250 high, a strong close above this level will see momentum on the topside …
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USD: Retracement or reversal- latter I think

The USD bears will need a bit more evidence before getting overly excited but the recent price action in AUD/USD, NZD/USD and USD/CAD certainly suggests that the greenback will str …
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USD/JPY Flows Update

According to a HK source, Japanese banks were buyers for importers overnight, but offers above 104.15 are thick Stops through 104.25, but no threat at the moment Option barriers at …
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USD/JPY – Techs suggest pair is overbought short-term

Techs show USD/JPY is overbought in short-term Pair has been struggling in the past few sessions, ran into good supply pre-104.20 Profit-taking flows noted from longs RSI negative …
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USD/JPY marching higher in early EU session

USD/JPY has posted a fresh seven-day high earlier, almost reaching 102.50. Worries about geopolitical tensions have decreased and global equity markets are up, supporting the prese …
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USD/JPY – Consolidating around 102.50 amid big option expiry

There is a $2.11 billion expiry at 102.50 in USD/JPY for today’s NY cut (15:00 London time), which will likely attract price given the lack of Tier 1 data releases. Dealers in As …
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SocGen recommends buying USD/JPY with 105 target

Rationale Higher USD/JPY is a longstanding view we have had, but we took profit in January as the upward trend petered out and the market appeared to be overly short yen. With the …
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Smallest USD/JPY intraday range since 2004

According to Predicted Markets, yesterday’s 15 pips range in USD/JPY was the narrowest one seen in the pair since February 16 2004. EUR/USD had the tightest intraday range since …
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Goldman Sachs FX Spot Desk Strategies

Summary of our Traders’ Strategies: EUR: I maintain a core short and will only add on rallies, with 1.3480 now being a sell point and a stop lowered to 1.3530 (ideally 1.3550 for …
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