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- Tayseer commented May 2, 2024
To put things in perspective, 3.6 trillion yen is about 23 billion USD. Which is less than 2% of Japan's foreign currency reserves. They could do this 10 times and not hurt themselves. In addition, they could easily re-build their currency reserve ...
- Tayseer commented May 1, 2024
Could be big players taking out long retail traders as they took short retail traders on Monday. Intervention or not, the UJ is way overbought whereas BOJ's comfort zone is between 135 and 145. Personal opinion and not trading advise
- Tayseer commented Mar 25, 2024
This is not a typical weak currency of a 3rd world country. Japan is a very rich, and have lots and lot of foreign currency reserves, which enables them to do very effective interventions. It is a win-win situation for Japan, they intervene by ...
- Posts by Member Search: 'Tayseer'