Folks, looks like BOJ is taking action to stop JPY from further depreciation.
They have said that 145.00 is the level to watch.
Since this morning, they looked like they had intervened twice after BOJ maintained their rate @ -0.10%.
A lot of BUYERS are getting burned.
It seems that this is also affecting EURUSD as well. Perhaps this is coordinated?
USA may be stepping in to help out their closest allies. It would not do them any good if EU, JPN or GB economies become basket cases.
Watch out.
They have said that 145.00 is the level to watch.
Since this morning, they looked like they had intervened twice after BOJ maintained their rate @ -0.10%.
A lot of BUYERS are getting burned.
It seems that this is also affecting EURUSD as well. Perhaps this is coordinated?
USA may be stepping in to help out their closest allies. It would not do them any good if EU, JPN or GB economies become basket cases.
Watch out.
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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.