Posts Tagged ‘Intervenes’
Yen Under Pressure As BoJ Intervenes
Author: Germina Lake
Yen Under Pressure As BoJ Intervenes
A move above the 20-Day SMA led me onto a long CAD/JPY position which paid off handsomely today following the BoJs intervention. We have been expecting action from the central bank which is why I have been looking to get long the yen crosses. I chose the CAD/JPY as Canadian fundamentals made a separate case for being bullish the pair. Unfortunately, I wasnt able to build into my position at 82 …
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