Eyes and ears open today - "Verbal intervention threat rises as USD/JPY rises above 150" ...Middle East

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Eyes and ears open today - Verbal intervention threat rises as USD/JPY rises above 150
That comment in quote marks is via Mizuho in their weekly outlook. "Verbal intervention threat rises as USD/JPY rises above 150."That is pertinent for the session here today for sure, with USD/JPY having gained mover than 150 points since its Asia time low on Monday. Also pertinent from the same analysts is this:Buoyancy retained for the week ahead as opportuneities for effective intervention action may elude in the abscence of major releases.As I said last week, yeah, USD/JPY drops but the bids gobble it up . These are 4 hour candles showing the recent uptrend: This article was written by Eamonn Sheridan at www.forexlive.com.

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