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back to 160 at the end of next week
retest 160, dont worry. That is what Japanese govt wants for its profitable exports
that wont happen, mate
Japan pretends to be intervening to avoid the world accusing it of JPY manipulation for Export purposes. It is happy to keep usd/jpy above 150 and below 160. Just play nicely to make money.
It could drop below 150 today after US data is released in order for usd/jpy to be under control.
there could be the third intervention today as it ll be much cheaper on Thin Japanese market like last Monday.
the next will be 145
It looks like usd/jpy is moving, over night, down to 153 where it was during the second intervention
the final target of Interventions is under 120; last time was in 2022 - it was just under 130 though
I have made over 100k usd for two jpy interventions. And today another 40k; very please with guaranteed interventions made by Japanese government.
always Short USD/JPY when it goes up - easy money, ah! - I dont use stop loss though; just make sure there is sufficient fund to cope with very large and dont be gready.
- it should be under 120 to be good