Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 01:09 (GMT) 20 Nov
USD/JPY long weekend fixing set at 89.06, with Japan away on Monday for Labour and Thanksgiving day. USD/JPY, Cross/JPY back down again after rising earlier on Japanese long weekend fixing, including talks of toushin demand, before dipping on back of options related, funds selling again. USD/JPY hit 89.06 from 88.86 earlier, while AUD/JPY edging up to 82.00-05, from 81.60-70m, before dipping back down to 81.80-90- as Cross/JPY still weighed by risk aversion and with USD still edging up on short-covering by hedge funds, macro funds ahead of year end closing. More USD/JPY offers at 89.10-20, bids at 88.50-60, with some focus on Nikko Asset Management's 3 Toushin today; more next, WL20 Nov 2009AUD/JPY








