Reuters: MOF declines to comment on USD/JPY gyration
Written by Jamie Coleman
November 1, 2010 at 00:24 GMT
November 1, 2010 at 00:24 GMT
They would have confirmed intervention if they were buyers…I think we have to conclude it was an error or a “spoof” by a big fund…
You would have had to have entered your sell orders in advance to get them filled and then bought an absolute truckload of USD/JPY to spark a move like that…
EUR/USD Low 1.3894 Before Recovery
EUR/USD fell to 1.3894 from about the 1.3975 level. Cable dropped to 1.5995 from 1.6040. AUD held up better, presumably because if there were intervention in USD/JPY, AUD/JPY would have been a major beneficiary….AUD fell to 0.9828 from 0.9865…
By Jamie Coleman || November 1, 2010 at 00:35 GMT
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