What will UsdJpy do and where will the pair head this week
Although it looks like the pair is weak, the 1.11 handle seems protected somehow
There has been talk in the markets of Japan intervention if the pair falls too low
This has caused traders to buy dips
Realistically the bank of Japan will not intervene though until things get really bad
If UsdJpy heads towards 105, or even 100
The buying now is just market panic
Still, I believe that UsdJpy will make a move up short-term before more downti…
Although it looks like the pair is weak, the 1.11 handle seems protected somehow
There has been talk in the markets of Japan intervention if the pair falls too low
This has caused traders to buy dips
Realistically the bank of Japan will not intervene though until things get really bad
If UsdJpy heads towards 105, or even 100
The buying now is just market panic
Still, I believe that UsdJpy will make a move up short-term before more downti…