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- 5 Results (2 Replies, 3 Comments)
- 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 ...
Japan may have spent 3.26-3.66 Trillion Yen for May 1 intervention, BOJ data suggests - Reuters
- 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
USD/JPY slammed lower
- 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 ...
Japan FX tsar Kanda says speculation behind weak yen, ready to take action
- Tayseer replied Oct 25, 2023
Like everyone else, I think intervention is imminent. But, it is all about timing! BOJ has to do it when there is no real important news that would counter the effort. Lat years intervention(s) happened on October 21, 2022 and November 10, 2022 ...
USD/JPY Discussion
- Tayseer replied Oct 13, 2023
I have been on FF for years but rarely comment. The suspension of LTT brings so much joy that I had to share it. It was painful reading his posts, especially when there were personal attacks. OBMM had his share of those. Great news on Friday morning ...
USD/JPY Discussion
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