Japan intervention: Still some ammo in the gun — According to Reuters Japan has continued to intervene in the fx market since it pushed usdjpy up on October 31st. If this is correct it marks a change in tactic in fx intervention for Japan ...

Happytradersfx briefs

FOMC Statement — Main Points: language change: US economic growth improved in 3Q Household spending increased Overall growth improved somewhat Those that were betting on more QE are disappointed. The report is good for the dollar Evens did ...

Federal Reserve chatter

Japanese Intervention — Expectation by leading banks is for intervention to fail. Goldman Sachs "Sell AUDJPY @ 82.70, target 78.00, place your stops at 85.00" They noted that they expect a rate cut of 25 points from the RBA later today and ...

Happy Trading the Japanese Yen - Tidbits on Japan