Japanese Yen, currency intervention…?
Today the Japanese yen remained unstable, didn’t it.
Some of you may know from news about the exchange rate,USDJPY briefly moved to 160 yen, but then the chart fell to 155 yen.
Indeed,a movement of as much as 5 yen in a single day was observed.
Similar to gold, or perhaps even more volatile than gold, such rapid price movements are rare.
The Japanese government has stated no comment on FX intervention, but since many JPY-related currency pairs are moving in unison, it’s clear that the cause lies with the yen.
4/29 USDJPY
4/29 EURJPY
As a result, intervention occurred today, but recently the yen has been moving erratically, so we’ve kept trades that do not touch the yen.
With that in mind, today’s trades were limited to EURUSD and GBPUSD.
EURUSD gained 8 pips.
GBPUSD gained 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 no-trade.
The current market is非常に難しい, extremely difficult.
Chart analysis is almost meaningless in this market, so it’s important not to touch the yen.
In particular, day trading has a high element of gambling, so caution is required.
▼ Methods used ▼
https://www.gogojungle.co.jp/tools/ebooks/50044?via=toppage_timelines
▼ Special interview ▼
