Technical Analysis

More from Japan’s Kanda – will not confirm intervention

Japan’s currency intervention official Kanda at the Ministry of Finance:

  • no comment on intervention on Monday morning
  • will respond appropriately to excessive moves
  • monitoring FX 24/7


FWIW folks, have zero doubt this was intervention. Its not even a question. Hot air merchants in the media might question it for the clicks. Don’t listen to such foolishness.

USD/JPY does not drop 4 big figures ’cause of retail stop loss triggers, OK?

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