USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session’s swift upmove in USD/JPY has led to an increase in its volatility condition which increases the risk of FX intervention. Abrupt intraday movement in USD/JPY that wiped out earlier intraday gains has the hallmark of […]
The post USD/JPY: Overextended Intraday Rally Makes It Vulnerable to Squeeze Down With Rumoured Talks of FX Intervention appeared first on Action Forex.
