Is there any good news about the BOJ intervention in FX? if not so, it would very difficult. Tomorrow will be the SNB interest rate decision, the scenario is not good because there will be a rate hike from the SNB.
Mehdi_Ha
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@Jfjhonny15, No, unfortunately there is no good news. I just hope history repeats itself.
Kaio-AutoForex
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@Mehdi_Ha, what is happening my noble friend we do not understand anything why this is happening with the yen, the third most traded currency and safe haven in the market? Will this liquidity they are looking for burn to end? so many questions without any answers, the BOJ does nothing for sure it must be for them to export more, there is no other explanation.
Mehdi_Ha
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@Kaio-AutoForex, In my opinion, this is also getting a big concern in the market considering that JPY is moving in only one direction and getting weaker without any reason(it must be for them to export more).BOJ said that it will intervene in the market soon to change the Yield Curve but as we can see BOJ didn't react at all. Probably considering the current price zones that XXXJPY is already testing again probably BOJ will take any further action in order to create some stability again for the XXXJPY pairs .Something should happen under these conditions.