ICYMI – the new angle Japan is taking on yen intervention

Read full post at forexlive.com

ICYMI,
Adam
had
the
breaking
info:

Going
with
the
flow
worked
out
well
this
time,
its
created
a
bit
of
a
‘gap’
now.
159-161,
give
or
take.
Recent
months
have
shown
that
gaps
like
this
hanging
overhead
get
nibbled
at.
Will
it
be
any
different
this
time?
There
does
seem
to
be
a
broader
move
into
the
USD,
so
its
likely
to
be
hard
going.

Anyway,
more
on
the
intervention:

• Japanese
  media
  (Mainichi)
  says
  it
  confirmed
  the
  intervention
  with
  an
  unnamed
  Japanese
  government
  official.

I’ve
marked
the
gap
–
I
think
the
kids
call
these
FVGs
now?
Let
me
know
in
the
comments
what
you
think.