EJ, Positioning for the YEN Pairs Fall!
I see this price action this way. The price manipulating MMs keep propping it up around mid-range (130.00) and pushing it up from there periodically in order to stop out shorts and suck in longs, both being methods the deceiving MMs use to create the liquidity they need to continue to build their short positions.
The MMs are bears, and they are dragging out this charade for no reason other than they are going to make something big happen, and meanwhile they are building their short positions in advance. And, with the recent pumping of other YEN pairs, it does not take a genius to figure out what is going to happen.
I see this price action this way. The price manipulating MMs keep propping it up around mid-range (130.00) and pushing it up from there periodically in order to stop out shorts and suck in longs, both being methods the deceiving MMs use to create the liquidity they need to continue to build their short positions.
The MMs are bears, and they are dragging out this charade for no reason other than they are going to make something big happen, and meanwhile they are building their short positions in advance. And, with the recent pumping of other YEN pairs, it does not take a genius to figure out what is going to happen.