Nice break in $/Yen. 107.00 or therebouts should be strong resistence now. Low risk short entry here against 107.20 or so...Best. Neal.
you are correct. refco and the other 'dealers' pretty much call the shots and make their own markets. i have run these feeds side by side and was dismayed at the differences in quotes. best, surfer
That looked like about 4x as much yen sold as the previous couple interventions. Why does IB have to shut down at midnight grrr . . .
Illiquid, how can you tell how much Yen was sold? It certainly looks like this intervention is having much more impact. My call is $/Yen @ 105 tommorrow afternoon, after this intervention fails miserably once again.
I haven't a clue to the actual amount, was just looking at the difference in change. I wonder how fast the market can push it back to 106 again.
Beautiful ... anyone who doesn't like intervention doesn't know how to trade. Actually now that MOF has most publicly expended some bullets, I would think the path to 105 and beyond would be that much less perilous.