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European Market Update: Major European PMI Data Continues To Show That Immediate Fallout...

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 23, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    USD/JPY hovered around parity. BOJ report summarized that Japanese retail was generally short JPY versus high-yielding foreign currencies. When JPY appreciates, retail accounts needed to start closing some of those losing positions, which in turn appreciates JPY. Dealers also cited speculation that the Japanese government would not authorize FX intervention[​IMG]

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