Wednesday, January 22, 2014

Something Brewing in Currencies?

I'm just doing my rounds and noticed the JPY pairs are undergoing some recent changes.


Look to the far right
 AUD/JPY (green arrow is 9:30 am EDT)

EUR/JPY

USD/JPY

It's not Euro weakness
EUR/USD

There does seem to be some $USD weakness or at least in the $USDX in 3C signal, but that doesn't explain the other two as the AUD and EUR are in line. The Yen has some activity in the 1 min chart that would seem to explain it, but this may be coming from a more important place.

The 30 min Yen chart which has been strong since the first day of the year, it remains so, no damage at all.

By the way, ES was pegged to USD/JPY today (AUD/JPY yesterday).
Yen above is a different story, I'll check on it later.

No comments: