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    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    Intraday theme of the day: Yen Strength brings down Yen Crosses!

    By Sean Hyman | March 30, 2009

    AUD/JPY is down 2.25% or 152 pips (was down far worse earlier). Other yen crosses down this morning…CAD/JPY, NZD/JPY, GBP/JPY, EUR/JPY, CHF/JPY, USD/JPY. 

    The U.S. dollar is reasonably strong against the exotic currencies this morning…pushing up USD/ZAR mostly…but also, USD/TRY too.

    Australia is weak across the board this morning as EUR/AUD and GBP/AUD are at the top of the pack and AUD/JPY is the biggest % loser on the day so far.  

    To even refine the intraday theme even further, you could say that the commodity currencies (AUD, NZD and CAD) are getting killed vs. the yen. 

    Sean Hyman

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