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Joined Oct 2007
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Status: Professional Forex Trader
|26 Posts
The past 2 days gj has stayed firm while pound was very weak and on the other hand yen was strong. This was very obvious on friday, not so much today cause pound bounced back in the afternoon. What's been holding gbp/jpy up?
My guess is the carry traders. But they cant hold it up for long, when the floodgate open and carry traders are force to close position it'll be a titanic sink.
'When the student is ready, the teacher will come'
