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Why is this breaking news, LOL
Can be but why red?
People don't plan to lose. They lose because they don't plan.
BOJ doesnt want to see USJPY above 130. CB intervention potentially incoming @sfrankenfx
R.I.P. japanese economy.
Everyone can see the chart, but only a few can actually read it.
Well let's see what BOJ do... Usdchf is climbing at a alarming rate too.. massive corrections will soon happen time to pay attention to news and charts for a few hours to get some monster moves
Yen very weak
I will not be surprised at all if USDJPY closes the month at 121.00. 200-300 pips sudden drops with no warnings from these highs are very much likely. Yen loves doing this. Just my opinion. Not at all telling anyone to short it. However, 130 does look like the level to try something.
Two probabilities even it drop suddenly before 130 because a lot of traders are waiting to sell at 130 or it will jump directly after reaching 130 200 or 300 pips so it will be
Historically, Japan would benefit from a weaker Yen. It’s not the case in this market situation, Japanese exporters have to pay too much for materials that they majorly import. I don’t have a doubt interventions are coming.
USDJPY just have a slight adjustment or will change its trend to down trend
Next hour or so will show if the slight strength this morning will follow through. The two hangmen at the top of hourly U/J chart is telling.
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