Recap As expected intervention triggered. But at least half of that disappeated by Friday close.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
Lawrence's Comment
Recap
Consolidated above Y-1 first half of the week. Then strong reaction to tag of Y-1 sent euro back up to also Y-0. Then news shock came and trapped the ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDJPY Aug 08 to Aug 12 Outlook
Lawrence’s Comment
As expected intervention triggered. But at least half of that disappeated by Friday close.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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