Japanese Yen, is there forex intervention…?
The Japanese yen was unstable today as well.
You may have heard in currency news thatUSDJPY briefly moved the yen to 160, but afterward the chart fell to 155.。
Indeed,'a movement of 5 yen'was seen within a single day.
As with gold, or perhaps even more volatile than gold, such rapid price movements are rare.
The Japanese government has given no comment on currency intervention, but since currency pairs related to the JPY moved in the same direction across the board, it is safe to say the cause lies in the yen.
4/29 USDJPY
4/29 EURJPY
As a result, intervention occurred today, but recently the yen has been moving nervously, so we are trading with a policy not to touch the yen.
So, today we focused our trades on EURUSD and GBPUSD.
In EURUSD, we earned 8 pips.
In GBPUSD, we earned 10 pips and 15 pips.
There is no stop loss.
4/29 EURUSD
4/29 GBPUSD
Today's New York time is planned to be a no-trade period.
The current market is very difficult.
Since chart analysis hardly has any meaning in this market, it is important not to touch the yen.
In particular, day trading carries a high element of gambling, so caution is required.
▼ Methods Used ▼
https://www.gogojungle.co.jp/tools/ebooks/50044?via=toppage_timelines
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