CME 6J Japanese Yen index is down very significantly for long time
Bank of Japan tell public to day that BOJ already do intervention to protect JPY not to make it drop more than this
Now based on VSA trading analysis
there are 1H candle stick show extremely high volume with small candle body
this can be interpreted that some big player absorbed the selling pressure using limit buy order
so open long position here have some edge from both BOJ intervention news + VSA analysis
Bank of Japan tell public to day that BOJ already do intervention to protect JPY not to make it drop more than this
Now based on VSA trading analysis
there are 1H candle stick show extremely high volume with small candle body
this can be interpreted that some big player absorbed the selling pressure using limit buy order
so open long position here have some edge from both BOJ intervention news + VSA analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.