Replies to post #38522 on Simple's Green Room

[omar572]

I think the current action on the yen is due to comments made at the G20 by the new Japanese Gov Rep to the effect that they will not intervene in the forex market and that they do not find a strong yen to be a problem. The big boys may be trying to test their resolve as Soros did with the UK years ago

[omar572]

The U/Y has an average daily movement of 109 pips - today it has dropped 173 since the open - amazing.