Where Will JPY Pairs Go Next? Full Yen Tech/Fund Overview
Updated
Yen Forex Pairs have fallen across the board on rumoured intervention.
This is the propping up of the Yen Currency by Japanese authorities to stop the upward flow of its counterparts and draw further weakness of the JPY due to interest rate differentials between major economies.
The question is, will it continue?
This is the propping up of the Yen Currency by Japanese authorities to stop the upward flow of its counterparts and draw further weakness of the JPY due to interest rate differentials between major economies.
The question is, will it continue?
Comment
Lack of follow through just causing YEN pairs to rebound. more impetus needed for falls, be very careful RE shorting. Rates will likely carry further (until meetings / intervention).Comment
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