Japan PM Noda: Japan does not intervene with specific FX levels in mind
- FinMin Azumi is also on the newswires with the usual ‘will take decisive action when necessary’
5 Responses to “Japan PM Noda: Japan does not intervene with specific FX levels in mind”
I wish he would just put his money where his mouth is.. Literally! not figuratively
In the mean time he will continue to ‘watch with great interest’
Hi sean:
i wonder whether you are shorting aussis dollar, because technically it looks very good to be on the short side. THANKS
Hi John, yes I’ve been short AUD/USD since last Tuesday and have traded quite actively. I reduced on Friday night and hope to increase my position at 10750ish
“when necessary” = after USD/JPY takes a sudden 300 pip clubbing