aigamlc
01-02-2023 12:21,
JPY does not respond to news very much. However, today, there was a horde of unwanted JPY news, JPY dropped off its chair; USDJPY rose to 118.70s, EURJPY rose to record 150.70s and GBPJPY to capture 224.30s.
Later A Japanese leader arrived out:
(JP) TOP JAPANESE CURRENCY OFFICIAL WATANABE: DOES NOT EXPECT FURTHER YEN WEAKNESS; DOES NOT EXPECT YEN CARRY TRADE TO CAUSE SWINGS IN FX MARKET
EURJPY were disposed bringing EUR and GBP down! EURUSD and GBPUSD went down... that hurts my LONG GBPUSD place!
Last month, there was something similar occurred. And last week, NZD minister visted Japan and commented on Carry Trades affecting NZD; NZ needs their money so they can be competitive in the export to fall. JPY fortify immediately!
Next time, I will remember to take careful note that Leaders/Politicians affect JPY over news. Shoot whenever thery talk!
Later A Japanese leader arrived out:
(JP) TOP JAPANESE CURRENCY OFFICIAL WATANABE: DOES NOT EXPECT FURTHER YEN WEAKNESS; DOES NOT EXPECT YEN CARRY TRADE TO CAUSE SWINGS IN FX MARKET
EURJPY were disposed bringing EUR and GBP down! EURUSD and GBPUSD went down... that hurts my LONG GBPUSD place!
Last month, there was something similar occurred. And last week, NZD minister visted Japan and commented on Carry Trades affecting NZD; NZ needs their money so they can be competitive in the export to fall. JPY fortify immediately!
Next time, I will remember to take careful note that Leaders/Politicians affect JPY over news. Shoot whenever thery talk!