What the Forex now? Finally long yen?

Today was just bizarre, to say the least. Dead cat bounce or what? Well, lets see how things pan out but be prepared to get short of the dollar if the set ups turn up on Friday and next week.

Commento:

13-Oct-2022 16:41:00 - WASHINGTON, D.C.-JAPAN FINMIN SUZUKI: G20 CHAIR INDONESIA LIKELY TO ISSUE SUMMARY OF THIS MEETING'S DISCUSSION AT A LATER DATE

13-Oct-2022 16:42:09 - JAPAN FINMIN SUZUKI: G20, IN CHAIR SUMMARY, LIKELY TO SAY MANY CURRENCIES HAVE MOVED SIGNIFICANTLY THIS YEAR WITH INCREASED VOLATILITY, REAFFIRM FX COMMITMENT

13-Oct-2022 16:50:52 - JAPAN FINMIN SUZUKI: THERE WAS NO DISCUSSION AT G7 ON WHAT COORDINATED STEPS SHOULD BE TAKEN TO ADDRESS MARKET VOLATILITY

13-Oct-2022 16:52:03 - SUZUKI: WANT TO TAKE APPROPRIATE ACTION VS EXCESS FX VOLATILITY, WHEN ASKED WHETHER JAPAN COULD INTERVENE TO PROP UP YEN

Commento:

Japan MoF official does not confirm, or deny, Thursday's USD/JPY intervention