This news can cause Yen strong ? Just the chart can show the trend only..
DislikedHah some jocker says something and this mental market reacts. This jocker not even from Japan. It is just the game and market will u turn may be tomorrow or even today when another clown says other thing. And from thrusday afterword yen will be bottom of the chart. Usdyen will be at least 98 for sure...Ignored
DislikedAnd I suggest if you have already long just hold it and place another long now. It will reach 96 to 98 very soon. S. Korea doesn't control yen market. Recent sharp down move is for some big fat boys or S. Korean fin minister himself. Today is thin market so market reacts violently.Ignored
DislikedDoes the movement always go this pattern?Ignored
DislikedNot always. But yen is downtrend since last november and this week has BOJ meeting and they are trying to weaken the yen with heart and soul. So I think downword movement for yen has a long way to go in long term. But by next week UJ will be 96 to 98.Ignored