Read full post at forexlive.com
That comment in quote marks is via Mizuho in their weekly outlook.
That is pertinent for the session here today for sure, with USD/JPY having gained mover than 150 points since its Asia time low on Monday.
Also pertinent from the same analysts is this:
As I said last week, yeah, USD/JPY drops but the bids gobble it up .
These are 4 hour candles showing the recent uptrend:
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Reply