BOJ KEEPING SPECULATORS AT BAY
from a third party note
{JN} JAPAN'S SUZUKI AND KANDA TO HOLD PRESS BRIEFING
SUZUKI: SHARE CONCERN WITH BOJ OVER RECENT RAPID YEN WEAKENING.
SEE SPECULATIVE MOVES BEHIND THE FX MOVES
GENERALLY DON'T GIVE WARNING AHEAD OF FX INTERVENTION
CAN'T COMMENT ON OTHER NATIONS REGARDING INTERVENTION
KANDA: NO DEFENSE LINE LEVEL EXISTS; WHAT MATTERS IS VOLATILITY
HAVEN'T THOUGHT ABOUT LEVELS AT ALL
HAVE COMMUNICATED ABOUT OUR ACTION TO OTHERS
KANDA CLEARLY DENIES YEN AT 145 IS A LINE TO BE DEFENDED
Of course they will not say any level to keep speculators at bay. Keeping everyone guessing will tame the market. lol
I think after than intervention we wait below 140 maybe before buying.
that call to 147 was before the intervention. but now its kinda hard to play that idea.
{JN} JAPAN'S SUZUKI AND KANDA TO HOLD PRESS BRIEFING
SUZUKI: SHARE CONCERN WITH BOJ OVER RECENT RAPID YEN WEAKENING.
SEE SPECULATIVE MOVES BEHIND THE FX MOVES
GENERALLY DON'T GIVE WARNING AHEAD OF FX INTERVENTION
CAN'T COMMENT ON OTHER NATIONS REGARDING INTERVENTION
KANDA: NO DEFENSE LINE LEVEL EXISTS; WHAT MATTERS IS VOLATILITY
HAVEN'T THOUGHT ABOUT LEVELS AT ALL
HAVE COMMUNICATED ABOUT OUR ACTION TO OTHERS
KANDA CLEARLY DENIES YEN AT 145 IS A LINE TO BE DEFENDED
Of course they will not say any level to keep speculators at bay. Keeping everyone guessing will tame the market. lol
I think after than intervention we wait below 140 maybe before buying.
that call to 147 was before the intervention. but now its kinda hard to play that idea.
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