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Anyone has any ideas as to when this USD rally is likely to slow and maybe reverse?
Maybe at support (i.e. 1.2350 on EUR/USD and similar levels on other USD pairs)?
Maybe later this week (i.e. 22/2/2204) people might start looking at the USD fundamentals again?
Maybe once the latest jaw boning from the ECB and BoJ fades in the memory?
On a side note the BoJ was fantastically effective Friday night. Japan's Q4 GDP numbers were very strong. The USD/JPY was looking to break below 105. Then Japan issues a terror alert and partly mobilises its armed forces. Causing the USD/JPY to rise slightly. Then the BoJ intervenes once it has the momentum behind it sending the USD/JPY much higher. All this happened during thin Friday afternoon trading which enhanced the BoJ actions. I guess after losing billions intervening you are going to learn a few tricks.
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