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Eyes and ears open today – “Verbal intervention threat rises as USD/JPY rises above 150”

That comment in quote marks is via Mizuho in their weekly outlook.

  • “Verbal intervention threat rises as USD/JPY rises above 150.”

That is pertinent for the session here today for sure, with USD/JPY having gained mover than 150 points since its Asia time low on Monday.

Also pertinent from the same analysts is this:

  • Buoyancy retained for the week ahead as opportuneities for effective
    intervention action may elude in the abscence of major releases.

As I said last week, yeah, USD/JPY drops but the bids gobble it up .

These are 4 hour candles showing the recent uptrend:

This article was written by Eamonn Sheridan at www.forexlive.com.

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