Joined Jun 2009
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Status: Carry Trader that not want interest
|2,016 Posts
Japan confirms Intervention while releasing the FX reserves at record high of $ 1306.6 bln
JAPAN MOF
-JAPAN FX RESERVES (JAN) ACTUAL**** 1306 BLN****(PVS 1595.8 BLN)
- JAPAN INTERVENED ONLY IN DOLLAR/YEN MARKET IN OCT-DEC
- CONDUCTED TOTAL OF ABOUT 1 TRLN YEN IN STEALTH FOREX INTERVENTION IN OCT-DEC
JAPAN FINMIN AZUMI
- WON'T RULE OUT ANY MEASURES ON FX
Joined Jun 2009
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Status: Carry Trader that not want interest
|2,016 Posts
rate expected on hold but still have a room for 25bps cut.....
more dovish from ecb that could bring euro more to downside....
any hawkish from Draghi will surge the euro just for a short term unless the 1.3300 lvl break then the overall trend will start to reverse......
watching ECB PRESS CONF & the market with GREAT INTEREST!!!!!
Joined Jun 2009
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Status: Carry Trader that not want interest
|2,016 Posts
any one see inverse H&S on euro???
Since we see inverse Head n Shoulders on EURO Dollar ..euro poised to test 1.3 from technical aspect....this movement will be fuel by Bernanke comment....if he dovish yes euro will move to 1.3..but if he hawkish then this technical will rejected.
Joined Jun 2009
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Status: Carry Trader that not want interest
|2,016 Posts
since yesterday inverse H&S posible rejected...Bernanke comment on possible QE cut spur demand on dollar with traders dump G7 currencies & also renew concern on spanish ++ dovish comment from draghi fuel investor to dump euro .....now 1.27 area can give us the clue wether 1.2 & 1.18 testting level will be imminent or not....