Forex
globalreutersMay 1, 20241 Mins read
USD/JPY is cratering, drops under 155.00 in super-thin intervention trade
globalreutersMay 1, 20241 Mins read Check this out for why now is a particularly effective time of day to intervene, at the cost of looking desperate and weak:
Still, the cheapskates at the Bank of Japan will take it!
What this has done is leave a huge ‘gap’ from 157.50 to where we are now, give or take. Over coming days and weeks that’s the target for filling in.
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
USDCAD breaks below a cluster of technical levels
The USDCAD is moving lower and in the process has broken below...
NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains
There is a shift out of the different major indices today. The...
US leading Index for October -0.4% vs -0.3% estimate
Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...
US existing home sales for October 3.96M versus 3.93M
Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...
Leave a comment