you see the down move whipper out. The move was obviously targetting 101 to 102.
If 103 holds, then we see a move to 111. However we are just on the 2nd trading day of March, the wave of Yen buying has yet to come.
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2 comments:
One interesting question for you. Yesterday we had Australian rate decision. The rate was increased by 0.25%. But the currency drop sharply exactly after rate announcement. A lot of analysts told us about expectation of future rate cuts which emerged in minutes after rate rise. Do you think all traders in the world exactly after rate announcement became aware of future rate cuts and decided to short AUD/USD??
what I know is that the analyst need to feed themselves, pay their bills, etc., just like you.
that is why subscriber to me is better.
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