Monday, November 11, 2013

Maybe Some EUR/JPY Traction Left

This could be useful if they can get a bid under the pair, a bit longer term and things don't look so good for the pair, but they are controlling the SPX futures/
 ES in purple and EUR/JPY candlesticks, you can see they are attached at the hip.

Earlier the 1 min negative in the EUR/JPY was there, it has caused the apir to stay flat. There may be enough in the Euro as the Yen is still rolling in a base like "U" pattern to punch this carry pair higher.

I think the thing to note is how much it seemingly takes to move this market, again, no organic demand.

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