Its just ticking over to 8am in Tokyo
USD/JPY is up half a big figure or so already
As I warn each and every Monday morning, liquidity is thin and will remain so until more Asian forex centres come one line (Tokyo, followed by Singapore and Hong Kong a little after). Having said this, yen crosses have been trading on wider spreads and thinner liquidity all through last Friday; while I expect some improvement today and as the week progresses, it is still going to be a time to be more wary than usual. I am net looking for yen strength to carry on, but there will be joy for both trading longs and shorts.
While I'm at it ... some updates:
Yikes ... I added these in about 7 mins after I posted ... USD/JPY all over the shop!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
