Was outside the market, as I wrote earlier. Today at lunch I opened the terminal to study the current situation. Surprise caused a serious fall of Iena. More precisely, not the size of the collapse, but the dynamics. Indeed, over the past couple of days, we have seen the serious desire of Jenobykov to make the Japanese currency even more expensive.
On the afternoon of September 1 of this year, they made a serious attempt to achieve their local goals. However, we clearly see on the schedule that bi -bids below the 84th figures on dollars did not allow yen to rise in price. I do not exclude that these were the orders of Boj, whose entry into the game has long been supposed. And the level for starting interventions from the officialdom was wonderful. Traiders could download the business plan of printing house and replicate their analytics regarding the prospects of Jena.
Further light flat and minimums above 84 figures. But only today managed to throw a couple above the 85th figure. Having made 100 points in 15 minutes, the dollar was reversed under pressure from those who wanted to open at favorable levels.
While the currency pair holds above the 84th figure, a similar rollback to the bottoms can be more than a catalyst for the fall of Jena and the growth of a pair than a signal to the fall. After all, the levels for entering the market are very interesting.
After a series of failures in the region of 83/84 of figures, a certain part of the market figures doubted the prospects of the fall. But it should be noted that this level is perfect for opening positions on buying a dollar pair. Naturally, with the feet below
In addition, the power of the Japanese Bank over the past years is undeniable, and the desire of politicians and economists of the country of the rising sun to make verbal interventions is not in doubt. Such a job requiring actions. They do not need dear Ien, so the official structures of Japan are opposed by the bulls who have long wishing to break through 84 and gain a foothold below. For them it will be another victory, but for the country’s economy, such successes do not promise anything good. Then you have to buy medical tours to Montenegro to restore strength after such a battle in the Forex market.
I think that if today they close low and tomorrow they will not try to rise above the 85th figures, then the prospects for the re-test of 84s become more real than the rain in the fall