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EURJPY

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Reuters - 7 hours ago

US recap: EUR/USD holds firm, undamaged by US PCE

BUZZ-COMMENT-US recap: EUR/USD holds firm, undamaged by US PCE USD/JPY -Calm after the carry unwind storm AUD/USD -Longs stand their ground after US data July 26 (Reuters) - The dollar slipped lower against most other major currencies on Friday after U.S. PCE inflation data failed to derail expectations that the Fed will cut rates by September and potentially ease three times this year.
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Reuters - 15 hours ago

FX options wrap - PCE risk, JPY 150, BoE Bets, euro low

BUZZ-FX options wrap - PCE risk, JPY 150, BoE Bets, euro low A busier week for FX with the closing of short JPY positions being the main driver before next week's central bank meetings . However, JPY demand and broader FX option implied volatility has peaked for now. U.S. PCE inflation data can offer more clues on next week's U.S. policy decision and the U.S.
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Reuters - 18 hours ago

USD/JPY still risks this correction breaking 150.00

BUZZ-COMMENT-USD/JPY still risks this correction breaking 150.00 July 25 (Reuters) - A well timed bout of USD/JPY interventions (as a U.S. easing cycle begins) has been fuelled by the paring of short JPY positions and has raised the probability of a 150.00 break/extension. The market was holding the biggest JPY short position in many years and despite USD/JPY already falling 10 big figures from its new multi decade high at 161.96 on 3 July, there should be plenty more shorts to offload.
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Reuters - 19 hours ago

Stand-out FX option strike expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option strike expiries for the week ahead July 25 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some large strikes worth noting for Friday, July 26 , and for the week ahead. Stand-out EUR/USD strikes on Monday are at 1.0700-05 on 1.4 billion euros, 1.0800 on 610 million euros, 1.0825-35 on 1.4 billion euros and 1.0885-1.0900 on 1.6 billion euros.
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Reuters - 1 day ago

US recap: EUR/USD buoyed as market takes a breather before PCE

BUZZ-COMMENT-US recap: EUR/USD buoyed as market takes a breather before PCE USD/JPY -Backing away from the extremes AUD/USD -Bears cede some ground on post-data risk improvement July 25 (Reuters) - The dollar index eased slightly in a mixed session on Thursday, with the U.S. currency failing to derive broad and lasting support from above-forecast U.S.
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Reuters - 2 days ago

FX options wrap - JPY and CNH surge, central banks on radar

BUZZ-FX options wrap - JPY and CNH surge, central banks on radar The big movers in FX and options on Thursday are JPY and CNH, with risk aversion and the unwinding of large short positions the main drivers. USD/JPY extended its recent decline to test below 152.00, which saw 1-month implied volatility trade new highs since early May at 10.75 and remain firm amid the rebound to 154.00 after US GDP data.
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Reuters - 2 days ago

Major central banks now a big blip on the FX options radar

BUZZ-COMMENT-Major central banks now a big blip on the FX options radar July 25 (Reuters) - The FX volatility/risk upon which FX options thrive is measured by implied volatility and it's much higher on 1-week expiries since they included central bank policy decisions from Japan, the U.S. and UK. These gains highlight the extent of any additional FX realised volatility traders feel these events can generate.
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Reuters - 2 days ago

Japan's USD/JPY intervention may well have worked

BUZZ-COMMENT-Japan's USD/JPY intervention may well have worked July 25 (Reuters) - Japan's recent interventions to sell the dollar and buy yen have pushed USD/JPY into bearish territory and darkened its chart outlook, suggesting even bigger moves may lie ahead. Japanese buying to defend the yen is becoming a standard feature of the FX landscape in 2024, but authorities in Tokyo have switched up their methods, making it trickier for investors to second-guess when and how they might step in.
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Reuters - 2 days ago

Yen rises sharply as carry trades unwind, risk mood sours

FOREX-Yen rises sharply as carry trades unwind, risk mood sours Updates prices at 0515 GMT By Rae Wee SINGAPORE, July 25 (Reuters) - The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next week's Bank of Japan (BOJ) meeting, as yen carry trades unwound and risk appetite soured.
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Reuters - 2 days ago

Yen jumps as carry trades unwind, risk mood sours

FOREX-Yen jumps as carry trades unwind, risk mood sours Updates prices at 0320 GMT By Rae Wee SINGAPORE, July 25 (Reuters) - The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next week's Bank of Japan (BOJ) meeting, as yen carry trades unwound and risk appetite soured.
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Reuters - 2 days ago

Yen rises as carry trades unwind, risk sentiment takes a hit

FOREX-Yen rises as carry trades unwind, risk sentiment takes a hit By Rae Wee SINGAPORE, July 25 (Reuters) - The yen drew support from unwinding carry trades on Thursday ahead of next week's Bank of Japan (BOJ) policy meeting and as a rotation out of megacap growth stocks dampened risk appetite broadly and provided some safe haven bids. The Australian and New Zealand dollars continued to struggle on weak commodity prices, the euro flopped in the wake of a dour purchasing managers' index (PMI) re
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Reuters - 2 days ago

Dollar falls, short yen trades squared ahead of BOJ and Fed meetings

FOREX-Dollar falls, short yen trades squared ahead of BOJ and Fed meetings Updates as of 1430 ET By Alden Bentley NEW YORK/LONDON/SINGAPORE, July 24 (Reuters) - The dollar fell to its lowest in more than two months against the yen on Wednesday as short-yen carry trades were unwound ahead of next week's Bank of Japan meeting, with investors girding for a hawkish monetary officials to tighten policy.
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Reuters - 2 days ago

US recap: EUR/USD caught in downdraft as yen soars again

BUZZ-COMMENT-US recap: EUR/USD caught in downdraft as yen soars again USD/JPY -Closing the gap with US yields, BoJ hike odds rise AUD/USD -Yen gains, risk-off keep bears in charge July 24 (Reuters) - The dollar index eased slightly on Wednesday, under pressure from another spike higher in the yen, as markets took on a safe-haven tone while investors were also preparing for the business end of this week's data schedule and a BoJ meeting at the end of the month.
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Reuters - 3 days ago

FX options wrap - JPY at the fore; here come the central banks

BUZZ-FX options wrap - JPY at the fore; here come the central banks Mild risk aversion underpinned the USD and provided an extra tailwind for a surging Japanese yen and its related FX option implied volatility on Wednesday. JPY short paring is driving the JPY surge to new highs against the USD since the early May intervention, with benchmark 1-month USD/JPY implied volatility following suit to new highs since May 3 at 10.6. One-month expiry risk reversals have also regained longer term highs for
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Reuters - 3 days ago

Commodity currencies struggle, carry trade churn helps yen, Swiss franc

FOREX-Commodity currencies struggle, carry trade churn helps yen, Swiss franc Updates at 1130 GMT By Tom Westbrook and Alun John SINGAPORE/LONDON, July 24 (Reuters) - Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two months as short sellers bailed out ahead of next week's central bank meeting.
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Reuters - 3 days ago

Commodity currencies bear brunt of yen bounceback

FOREX -Commodity currencies bear brunt of yen bounceback Updates prices at 0815 GMT By Tom Westbrook and Alun John SINGAPORE/LONDON, July 24 (Reuters) - Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting.
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Reuters - 3 days ago

Japan authorities have USD/JPY right where they want it

BUZZ-COMMENT-Japan authorities have USD/JPY right where they want it July 24 (Reuters) - Japan's authorities have helped push USD/JPY lower by its recent rounds of yen intervention, forcing spot into bearish territory under a key component of widely watched technical study inside and outside Japan. The yen has surged against the dollar to its highest in two months as short sellers bail out ahead of the Bank of Japan meeting next week.
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Reuters - 3 days ago

Yen jumps on commodity currencies as carry unwinds

CORRECTED-FOREX-Yen jumps on commodity currencies as carry unwinds Corrects Australian dollar price to $0.6586 from $0.6686 in paragraph 2 and dollar/yen level to 154.36 from 155.36 in paragraph 9 By Tom Westbrook SINGAPORE, July 24 (Reuters) - Commodity currencies slid to multi-week lows on Wednesday on the back of weakening raw material prices with the heaviest selling against the yen, which surged to its highest in two months as short sellers bailed out ahead of a central bank meeting.
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Reuters - 3 days ago

Dollar firms as commodities slide and carry unwinds

FOREX-Dollar firms as commodities slide and carry unwinds By Tom Westbrook SINGAPORE, July 24 (Reuters) - Commodity currencies touched multi-week lows on Wednesday tracking weakness in Chinese demand, while the yen has surged as short-sellers bail out ahead of a central bank meeting. Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January.
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Reuters - 3 days ago

US recap: EUR/USD dips as yen commandeers the spotlight

BUZZ-COMMENT-US recap: EUR/USD dips as yen commandeers the spotlight USD/JPY-100DMA under threat as yen rally extends AUD/USD -Yen strength, commodity weakness give bears traction July 23 (Reuters) - The dollar index rose modestly on Tuesday but the yen generally stole the U.S. currency's thunder as the market refined positions ahead of next week's BoJ meeting while traders also geared up for key U.S.
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