USD/JPY in particular had a substantial swing, from lows early in the session here under 123.50 it touched (briefly) over 124.25
USD/JPY in particular had a
substantial swing, from lows early in the session here under 123.50
it touched (briefly) over 124.25 and as I post has dropped all the
way back to that earlier low. Its circa 122.30 now and on its lows for the day so far. The Bank of Japan was once again in the
JGB market with an unlimited
interest
for 10yrs at 0.25%. The Bank announced
during
Monday’s operation
it would also be in today,
Wednesday, and Thursday.
EUR/USD
headed up towards (but not reaching) 1.1000. Note in the bullets
above a heads up to large NY cut option expiries at 1.1 and
thereabouts. These should ensure stickiness in the price around these
levels barring any news that can substantially shift the price.
AUD,
NZD, GBP all followed similar patterns.
Oil
dropped upon the reopening of futures trade for Monday evening in the
US but have subsequently retraced to fill the ‘gap’.
Oil:
The lead in to the Asia session:
Forexlive Americas FX news wrap: Oil prices plummet on Shanghai lockdown/end of war hope
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