Disliked{quote} ¿should a war take the pair north or south direction??? As regarding where the Boj starts printing seriously, I can see a big point at 97.00...Ignored
The direction cannot be predicted - at least i don't know how
on previous occasions when there was mention of missles the USD weakened and took UJ down with it. But that may not be the pattern going forward. As crisis deepens the USD should strengthen because it is the safe haven of last resort.
But we don't worry about that - if there is a trend there will be plenty of time to get in and out. But mindblowing volatility is more likely - ups and downs of 100s of pips within minutes.
The BoJ is printing all the time. They take breaks every now and again but we cannot know their schedule for sure - all we know is they want the UJ at around 100-104. But it's not there. Why? Economic dynamics inside Japan and also large players who are shorting this pair when they see the BoJ printing presses failing.
cryptocurrency everytime