Krantzy:
Stops below 5520 appear to be of more concern (to the thumb suckers) than semi-serious Jap flows. What the hell do they pay these jerk off's to do all goddamned day long?!?????????
Ya, your 2.0100 was/is a slam dunk all night long....fast money's been eyeing that since the top channel @ 0220 pitched the supply. You really rate all that Russian shit?? I think it's ghost money myself - those characters might venture out when the flows are full, but you don't usually see them when the going gets tough...well, not via London outlets anyhow.
Updates would be nice ever once in a while - Reuters went walkabout today
zdo:
Not to the extent that it would be noticeable, no. Trouble is, when liquidity dries in circumstances such as these, the wholesale & top tier crowd go into a huddle.
Things can get awful tetchy as moving (ratcheting) size becomes problematic until full visibility (Frankfurt & London) occurs.
Dealers (at certain retail shops) holding overweight positions or top heavy biased order balances won't be able to offset if counter parties are unwilling to take their flows. The big desks (Primes & majors) will handle & sort their internal flows first, & filter party traffic second.
Times like this when you get to witness who really is doing their job correctly...& it's usually NOT the retail fly-by-night jockeys.