Inside Forex: What is the USDJPY Level for the BoJ/MOF to Truly Defend?
The following was sent to me by a long-time and highly respected Global-View member in response to my blog post, Inside Forex: Will USDJPY 150 Be Tested? minds not in CB's.I have also learned on more than one occasion that betting on a central bank to defend a specific level can be a painful or in some cases a fatal trade (note the Swiss National Bank-inspired flash crash from January 2015).USDJPY we
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