|Yen..interest rate differentials 101.
125 USDJPY is a big level from the way back machine.
Fibs show the 140 level however 132-134 will be monster.
It is an event level. This is the place all the masters of the universe we’re pressing their
Yen shorts just before the Fed intervened for 20 figures.
BOJ intervention in the JGB’s last night put a floor under our 30 Yr.
Yields made new highs last night and are reversing from over bought conditions.
I’m not reading anything into it just yet.