Talk of decent sell orders lined up ahead of 83.00

Author: Gerry Davies | Category: Forex Orders

No surprise.

Talk of Japanese exporter sell orders 82.95/00.

Talk of circa two yards of dollars on the offer in that area.

We’re at 82.88 having been as high as 82.94.

UPDATE:  $2 bln (yards) sounds like an awful lot, and indeed it is.   But one should remember some very large amounts can be traded at important junctures in this pairing.  Still probably enough though for a little stall ;)