JPY at end of trend?

Looks like they had enough. Yen rocketing up.

 

that's just insane to trade such epic movements, don't be too greedy

 

Japan will avoid a fiscal meltdown http://business.financialpost.com/2011/03/17/why-japan-will-avert-a-fiscal-meltdown/ - that really makes sense.

 

Looks like the big bank hunted massive amount of sell stops and pushed the price to a new all-time low before they "intervene"

Will the intervention work this time? Let's wait and see.

 

For the record I got out with a loss of 450 pips on this one. Whether I participate in a long again I couldn't tell right now. That was the longest held trade & the most boring I have ever held. Thank Christ for pairs like EurAud, felt alive after that one.

 

Quick update. Still looking good for upside, especially now that stops have been triggered. Possible huge hammer on Monthly will coincide with other indications of a turn. I am flat the pair (for now).