As we know, strong Yen would harm Japan economy especially for their export. Today is not a good day for me because I woke up a bit late and was left behind. Only can see the USDJPY, GBPJPY and EURJPY flying high. Its ok, maybe I have other opportunity in the future. To enter the market at this high price is not a good decision.. what can I do is let it going up and looking for a good entry to short.
Sure, what happened early this morning is something unexpected. No news at ForexFactory.. all these make me a bit confuse until I got notification about intervention of Bank of Japan to lower the Yen. Ops, I been waiting this since September 9, but when it happened.. I was sleeping. 🙁
Can you see the candles? So nice.. that was USDJPY, if you long then you banked more than 200 pips, if you long GBPJPY you may banked more than 400 pips.
Yen is sharply lower today as Japan intervened in the currency markets for the first time since 2004. It’s a day after Prime minister Naoto Kan won party leadership election and Japan finally acts by selling yen unilaterally.