DislikedYou are correct about that, and unless the news really huge and earth shattering this is going to continue unless of course the BoE steps in like the SNB and the BoJ does, I think the BoJ does it just to watch traders squirm around...LOL they seem to come out play quite often.
--NMIgnored
by J Coleman 13:15GMT
We Got The Number Of That Truck..Hedge Fund Led USD/JPY Blast-Off
Traders relay that it was a macro hedge fund which goosed USD/JPY close to the 92.00 level. The size of the order? Rumored to have been 3 yards of dollars…
A US custody bank has joined the buying as well, we’re told.
Wonder where his stop is?
USD/JPY is consolidating gains around 91.90. 92.16 is key resistance.