BOJ Intervention is a real possibility
It seems there is at least a draft form of currency intervention on someone's hard drive at the boj, and possibly soon to be a reality. Yen shorts across the market might start to feel a bit exposed, even if the market doesn't quite believe the boj will act, leaning full tilt into that risk doesn't feel right. Pencilling in a $6 relief on the yen, lets see.
Trade closed: target reached
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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.