Quote:
Originally posted by ERA
Then of course there is the BOJ (Bank of Japan), they hate seeing the yen getting stronger as it adversely affects exports. So every now and again they either threaten fx intervention or do intervene in the fx market often causing 100 pip plus moves in seconds. These are usually unanounced interventions which can be hazardous to small traders account balances and something that is always in the back of your mind which makes trading yen a little more edgy.
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wow! im glad you mentioned the BOJ and its influence on the yen.
i will definitely keep that in mind!
thanks for the very helpful information.
Matt