ICYMI, Adam had the breaking info:
Going with the flow worked out well this time, its created a bit of a ‘gap’ now. 159-161, give or take. Recent months have shown that gaps like this hanging overhead get nibbled at. Will it be any different this time? There does seem to be a broader move into the USD, so its likely to be hard going.
Anyway, more on the intervention:
- Japanese media (Mainichi) says it confirmed the intervention with an unnamed Japanese government official.
I’ve marked the gap – I think the kids call these FVGs now? Let me know in the comments what you think.
This article was originally published by Forexlive.com. Read the original article here.