Disliked{quote} Well, Thank you sir for this explanation, I'm sure everyone is going to benefit from your wisdom as always. I'm just confused about the USD and JPY example you used {quote} Was there any typo here, and if so, am I correct to think it should be: USD goes up (e.g A new hike rate tomorrow) and nothing happen in the yen: USD/JPY goes up USD goes down (e.g A dovish FED tomorrow) and nothing happen in the yen: USD/JPY goes down USD goes up down (e.g A dovish FED) and yen goes down (e.g A BOJ QE) goes up (e.g A BOJ flop): USD/JPY goes down Double...Ignored
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