Last week, the Bank of Japan intervened in the foreign exchange markets by purchasing $21 billion to $25 billion worth of Yen, a record amount for Yen intervention. USD/JPY sold off more than 500 pips from 145.90, however recovered most of that within days. The pair has been testing the 145.00 level for the last […]
The post China Ready to Intervene in USD/CNH; Tells Banks to Prepare appeared first on Action Forex.
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