Dear Sive,
You have answered query which i wanted to ask you here since the first woof woof from CB when the pair hit 150ish. the threat of intervention was so huge then that the pair crashed hundred plus. I took same slide when it did second time. Both the times it was only statement and no intervention.
I notice a hammer in 4 hr chart which evolved yesterday and expect at least 150.40 - 60 in coming days.
Sometimes FED also do same - we will do necessary action to control inflation here CB is stating we are watching FX market closely and will take appropriate steps to control price action. Both result in price action only without their actions.
In true sense market absorb all info into price without any discount.
Thanks for your report on USDJPY.
The EURJPY pair the dynamics are different and i wish, if time permits, you may review that too.
Thanks again.
