I wonder if this is also exchange intervention.
it's kind of sobbly swaying towards the yen's appreciation, isn't it?
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えいきちちゃん OP : I mean it's sober, it's not plain.
えいきちちゃん OP : I've been thinking about going to sleep, but I think I'll keep an eye on how far the yen appreciates.
ダヤンks : America's 2-year treasury bonds are falling, and even if they are raised, they will intervene, so I wonder if they have made a profit once and for all.
えいきちちゃん OP ダヤンks : For the time being, I wonder if it can be said that the intervention had a certain effect. But well, it's still in the 153 yen range... I'm lightly dizzy.
ダヤンks えいきちちゃん OP : huh? is it long?
Well, America hasn't cut interest rates yet, and Japan hasn't raised interest rates at all. If it were to drop to around 150 yen, wouldn't it crash?
However, it is doubtful that it will return to 155 yen or more, so if it is long, I think it would be safer to go down and go after the MACD on the daily chart has improved.
yamacyan : Hedge funds and institutional investors are also at the stage where they are reducing their positions due to yen purchases based on the judgment that their dollar buying positions have grown too large.
Since there will be no immediate risk and dollar purchases will be increased again, it can be said that 160 to 155 yen depreciated for the time being, and there was an intervention effect.
No direction can be given while the US interest rate cut extension or the Bank of Japan's interest rate hike is unclear.