Friday's trading basically squeezed out the cross yen short positions and the number came out high enough to stop a complete rout in the USD
now it basically stopped because really who wants a position over the weekend after last week.
the picture hasn't changed too much
they say russian troops seized a base in Sevastapol -- I just imagine Gold rallies a bit into the close.
nice weekend all.
Mtl JP 20:39:06 GMT - 03/07/2014
usdyen 50dma at 103.08, i.e still support
Syd sf 20:49:59 GMT - 03/07/2014
JP .. I think AudYen will drop back to 92.70 the breakout point for this upmove.
$yen can drop back to 102.65/70 with 103.50 heavy now
Mtl JP 21:03:50 GMT - 03/07/2014
sf yen players are notoriously skittish about risk - would not take much of a growl from the Russian Bear to see them pull back their yen deployment and bring it back home in a hurry
S&P closes practically flat
london red 21:10:27 GMT - 03/07/2014
Syd you read my mind. a few past daily highs there, think 93/93.10 good spot to long with stops below your level (noting 100 day ma) which itself (your 92.70) is a whisker below the 38.2 of 94/90 run.
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