JPY Breaks 150 2nd time in 33 Years

26 ต.ค. 2023

As you can see the Yen has broken 150 for the 2nd time in 33 Years.

Now this places pressure on the Bank of Japan ahead of their impending fiscal policy decisions.

Which makes it highly probable that similar to 2022 there will be sizable government intervention. In fact the last time it hit the 150 mark with a high of 152

The Japanese Finance Minister Suzuki warned Yen sellers that he is “watching market moves with a sense of urgency”

Suzuki made no direct comment about the potential for intervention.

Here's the main thing, I do not trade forex and never will it's sadistic all these fake 'influencers'
They make money by getting fees from referral codes.

Could allow bonds to rise further, who knows ?

It's more so a psychological level.

Global Liquidity having some fun because of China but not really too much of an increase but it is positive.

The pump in crypto was fundamentally driven and not sentiment from the ETF.

Do some quant bro