Tag: USDJPY
-
Japanese $62 billion currency intervention FAILS
After months of speculation from currency traders, the Bank of Japan confirmed that they did a currency intervention to strengthen the falling Japanese Yen. The Bank of Japan confirmed its first currency intervention since 2022 with $62 billion being used to prop the Yen between April 26th 2024 and May 29th 2024. Here was the…
-
![Yensanity! Why the Bank of Japan matters!]()
Yensanity! Why the Bank of Japan matters!
Months ago, I warned readers that the Bank of Japan is the most important central bank to be watching. I even did a video explaining why every trader must be watching the Bank of Japan (BoJ). Nobody really cared much about the BoJ since their monetary policy meetings never changed. But things could be changing.…
